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CommentWire
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The current economic environment has paved the way for leading pharmaceutical firms to sweep in and buy up smaller players, highlighted by Wyeth's potential acquisition of Crucell and Merck & Co's strategy to aggressively look for targets in 2009. An increasing number of pharmaceutical majors are likely to use this approach to strengthen their biologic portfolios and access novel pipeline drugs.
Published By Datamonitor
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09 Jan 2009 |
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CommentWire
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Revenues at Wyeth have climbed despite declining sales of key products such as Premarin and Prevnar. Litigation expenses continue to impact the bottom line, but a cash injection resulting from the merger of Immunex and Amgen has improved the company's financial situation. There are signs the company could be ripe for consolidation once more.
Published By Datamonitor
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30 Jan 2003 |
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Expert View
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In the burgeoning telematics space Wunelli and SSP have partnered to launch a smartphone-based product targeting the mass market. The simplicity of such a solution will appeal to consumers, but data quality issues could limit the benefits to insurers.
Published By Datamonitor
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14 May 2013 |
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CommentWire
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In response to a government interim report on alcohol harm reduction, the WSA has released its own recommendations. Unsurprisingly, it argues against the more drastic actions the government proposes. However, the WSA's less costly suggestions are nothing new. They require little effort on the part of the industry and it is likely that they will also have little effect.
Published By Datamonitor
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15 Dec 2003 |
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CommentWire
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Wrigley's new oral health gum offering shows it understands well the need to stay at the cutting edge of product innovation. With a consumer base hungry for these products, Wrigley must use its brand strength to fight off competitors that are keen for a share of this lucrative market.<BR />
Published By Datamonitor
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08 Aug 2003 |
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CommentWire
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The purchase of an 80% stake in premium chocolate company A. Korkunov will allow Wrigley, which already operates in Russia, to form effective synergies with the company, through leveraging existing distribution networks, and enable it to capitalize on the growing disposable income of the country's burgeoning middle class. The move will also allow it to branch out into chocolate confectionery.
Published By Datamonitor
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24 Jan 2007 |
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CommentWire
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US chewing gum giant Wm Wrigley has accused Cadbury Schweppes of breaching UK competition laws in the launch of its Trident gum, and is considering legal action, according to The Sunday Telegraph. Furthermore, Wrigley's UK market share has fallen since the launch of Trident, and if the company fails to address other underlying reasons for its diminishing share, this is likely to drop further.
Published By Datamonitor
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28 Mar 2007 |
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CommentWire
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Mars and Berkshire Hathaway are set to take over chewing gum manufacturer Wm Wrigley Jr Company. The deal, said to be worth $23 billion, would see the brand acquire extra funding to boost its presence outside of the US. The takeover will help Wrigley to consolidate its position in the UK chewing gum market, and is likely to have negative implications for rival Cadbury Schweppes.
Published By Datamonitor
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28 Apr 2008 |
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CommentWire
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UK authorities spend at least GBP150 million a year on cleaning up discarded chewing gum. In response, Liverpool city council has recently voted for a tax on gum to help cover some of these costs. Gum manufacturers, led by market leader Wrigley [WWY], may rightly feel somewhat hard done by: a tax on their product would do little to educate consumers on disposing of litter carefully.
Published By Datamonitor
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28 Apr 2005 |
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CommentWire
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Wrapit, the online wedding list company, has called in the administrators following the decision of its bank, HSBC, to withdraw its credit card processing facility. Despite angry allegations from the company's former directors, the bank claimed that it had no other options for a business that has made a loss for the past six years and has failed to attract a venture capitalist rescue bid.
Published By Datamonitor
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07 Aug 2008 |
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