Generic Drug Market Picks Up Where Patents Left Off.HOLLYWOOD Hollywood. 1 Community within the city of Los Angeles, S Calif., on the slopes of the Santa Monica Mts.; inc. 1903, consolidated with Los Angeles 1910. , Calif.--(BUSINESS WIRE)--July 17, 1998--Emerging Company Report, the nationally syndicated television program that profiles emerging-growth companies (http://www.emergingcompany.com), features an interview this week with the people behind DynaGen Inc. (Nasdaq:DYGN). Chairman Bob Cusick and director of Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. Cathy Bardwick discussed DynaGen's business strategy toward the generic pharmaceuticals business. "Lately, pharmaceutical companies like Glaxo Wellcome (NYSE NYSE See: New York Stock Exchange :GLX GLX Galaxie (Digital Satellite Broadcasting Service) GLX Opengl Extension to the X Window System GLX Grande Luxe GLX Grand Luxury GLX Open Gl Extension to the X Window System GLX Grand Luxe Extra GLX Graphics Language Linux ) have been very hot on Wall Street as new, patented drugs are introduced," said Cusick. "Once those patents expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. , it opens the door for generic versions of those drugs to be manufactured and sold. Industry estimates are that the generic drug generic drug, a drug sold or prescribed under the nonproprietary name of its active ingredients or under a generally descriptive name rather than under a brand or trade name. market will expand from the current $8 billion to $15-16 billion per year." Over the next four years, there are a number of branded drugs that enjoy large market share, whose patents are due to expire. DynaGen feels it is positioned, through its business strategy, to grow its company from $25 million to $100 million per year over the next several years. Other companies being discussed and featured on Emerging Company report this week include:
-- CARV Industries Inc. (OTC BB:CARV) is in the business of design,
manufacturing and sales of sports clothing for surfing,
snowboarding and in-line skating, the rage of the Generation X
crowd. The company sells its lines of clothing through retail
outlets and now through the Internet.
-- Universal Ice Blast Inc., whose ice-blasting machines for
industrial cleaning have attracted customers like the Ford Motor
Co.
Companies appearing on Emerging Company Report offer free information to interested individuals, which viewers can receive in the mail by calling a toll-free number on the TV screen. Emerging Company Report is seen Friday evenings at 11 p.m. ET, 8 p.m. PT, and again in Sunday morning Sunday Morning may refer to:
The program can also be viewed "On-Demand" at http://www.emergingcompany.com. Visitors to the Web site can also request free information, via e-mail, about featured companies. CONTACT: Emerging Company Report 805/336-0507 http://www.emergingcompany.com |
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