Tag Archives: lead tech

New Cholesterol Fighters To Take Center Stage At ACC

In recent decades, high cholesterol has been Big Pharma’s gravy train. The statins, oral drugs that lower “bad” cholesterol, turned into the best-selling drugs in history, with Pfizer’s Lipitor peaking at nearly $14 billion in 2006 sales. Now, however, all the statins have gone off-patent or are about to. So Pfizer (PFE) and a passel of other companies — led by Amgen (AMGN), Regeneron (REGN) and Regeneron’s partner Sanofi (SNY) — are turning to a

Baxter Splitting In Effort To ‘Unlock Trapped Value’

Baxter International (BAX) announced Thursday that it will split its biopharma and medical-products businesses into two separate companies by mid-2015, jump-starting its lagging stock with a move that seemed to surprise Wall Street. “We and many investors have always viewed a separation as an attractive prospect … but have mostly discounted the idea in the near term, given management’s vocal and public communications seemingly to the contrary,”

GE, Tech Firms Aim For Industrial Internet Standards

General Electric (GE) in a press release. GE has stepped up investment in the industrial Internet, basically putting data-gathering sensors on industrial equipment. Tech companies view machine-to-machine communications — part of what is called the “Internet of Things” — as a key emerging revenue source. GE last year picked AT&T, Intel and Cisco as partners for its industrial Internet projects. “The IIC has been established to (create) common