ABBOTT: OUCH!
ABBOTT: OUCH ouch 1
interj.
Used to express sudden pain or displeasure.
ouch
interj
an exclamation of sharp sudden pain
ouch excl → ¡ay! !
Abbott Laboratories Abbott Laboratories (NYSE: ABT) is a diversified pharmaceuticals and health care company. It has over 65,000 employees and operates in 130 countries. The corporate headquarters are in Abbott Park, Illinois, a neighborhood of North Chicago, Illinois. on June 29 earned the dubious honor of being on the losing side of one of the largest patent verdicts in U.S. history. A federal jury ordered the company to pay nearly $1.7 billion to Johnson & Johnson for infringing on a patent related to the manufacture of Humira, Abbott's drug for rheumatoid arthritis rheumatoid arthritis
Chronic, progressive autoimmune disease causing connective-tissue inflammation, mostly in synovial joints. It can occur at any age, is more common in women, and has an unpredictable course. . J&J's Centocor subsidiary argued that Humira is made by the same proprietary method used to create its own similar drug, Remicade. Although the patent in dispute expires in two years, it's easy to see why the jury came up with such a big number: Humira racked up $4 billion in sales last year, while Remicade brought in $5 billion. Abbott, which says it will appeal, got more bad news on June 30: An FDA FDA
abbr.
Food and Drug Administration
FDA,
n.pr See Food and Drug Administration.
FDA,
n.pr the abbreviation for the Food and Drug Administration. advisory panel voted to recommend pulling its painkiller Vicodin off the market, along with Percocet, made by Endo, because of safety concerns about acetaminophen acetaminophen (əsēt'əmĭn`əfĭn), an analgesic and fever-reducing medicine similar in effect to aspirin. It is an active ingredient in many over-the-counter medicines, including Tylenol and Midol. .
"Painkiller Dosage: It's J&J vs. Wyeth" businessweek.com/magazine
Copyright 2009 BusinessWeek
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