March 13, 1990 |
Rhone-Poulenc SA, France's largest pharmaceuticals company, signed an agreement Monday to buy a majority interest in Ft. Washington, Pa.-based Rorer Group and merge its human drug business with Rorer to create one of the world's 10 largest drug companies. Analysts said the two-step transaction--including the issuance of special new rights to all Rorer shareholders--puts a value of $3.2 billion, or $73 a share, on the merger.
CALIFORNIA | LOCAL
April 2, 1990 |
A new drug with a Star Wars name, RU 486, or mifeprestone, may help change the world. But the world of the future will look back to thank the French because, sadly, U.S. physicians and scientists in this case were unable to be more than spectators. The reason we are sidelined is that RU 486 can be used to terminate pregnancy. It may also be useful in combatting breast cancer, endometriosis, and Cushing's syndrome and in inducing normal labor at the end of pregnancy.
November 27, 1988 |
The world's first "abortion pill" is back on the market in China and France but women in the United States and elsewhere cannot expect to have access to the controversial drug anytime soon--except perhaps on the black market. Fierce opposition from anti-abortionists, the high cost of getting new drugs approved and fears of being sued, experts say, are making pharmaceutical firms reluctant to market the pill and similar agents.