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1/7/2009
Wednesday morning
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| The U.S. pharmaceutical industry began 1994 with a good deal of trepidation, aware that it was likely to absorb much public criticism for prices and profiteering when Congress began considerations on a new health care bill. Drug manufacturers had been singled out as villains for being major contributors to the problem of health care costs, but... |
| It was survival of the fittest for retailers in 1996, a year marked by mergers, takeovers, and cutthroat competition. Big companies got bigger by gobbling up rivals, opening new stores, and expanding into international markets. Smaller chains scrambled to boost sales by offering new products and services. Companies that did not adapt quickly... |
| Even before 1993 drew to a close, it brought down a deluge of bad news on the heads of U.S. pharmaceutical industry executives. The image of the big companies as blue-chip, inevitably profitable cash cows for investors was smashed. The first blow was delivered by Pres. Bill Clinton's national health plan, which presented a real threat to... |
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| With very few exceptions, in order for a drug to affect the function of a cell, an interaction at the molecular level must occur between the drug and some target component of the cell. In most cases the interaction consists of a loose, reversible binding of the drug molecule, although some drugs can form strong chemical bonds with their target... |
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