Schering-Plough tries to deal its way to top

Article Abstract:

U.S. pharmaceutical company Schering-Plough Corp. is moving ahead with its $14.4 billion acquisition of Dutch firm Organon BioSciences N.V. Schering-Plough CEO Fred Hassan, who has spent the past four years improving the company's financial health, hopes that this acquisiton will lead to increased market share.

Acquisitions & mergers, Market share, Management dynamics, Executive changes & profiles, United States, Management, Officials and employees, Mergers, acquisitions and divestments, Company acquisition/merger, Company business management, Schering-Plough Corp., Company market share, Hassan, Fred

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Novartis's net drops 45%, hit by generics

Article Abstract:

Fourth-quarter net profit for Novartis AG fell 45% to $904 mil, driven down by competition from generic drugs, a product withdrawal, and a restructuring charge. Total sales rose 6% to $9.93 bil; sales in the US dropped 15% to reach $3.07 bil.

Sales, profits & dividends, Switzerland, Novartis AG, Company sales and earnings, Company earnings/profit, NVTSY, Financial report

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