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BUSINESS
March 10, 2009 | William Heisel
Big Pharma got bigger on Monday with Merck Co.'s announcement that it would acquire rival Schering-Plough Corp. in a cash-and-stock transaction worth $41.1 billion. And the deal is being made easier by U.S. taxpayers. Faced with tough competition from generics, fewer potential blockbuster drugs in development and the prospect of a government overhaul of the U.S. healthcare system, drug makers are consolidating. In January, the world's largest pharmaceutical company, Pfizer Inc.
HEALTH
March 11, 2002 | THOMAS H. MAUGH II, TIMES STAFF WRITER
AIDS researchers don't like to admit that the field is in a slump, but it is hard to escape that conclusion. There have been no major breakthroughs since the development of protease inhibitors six years ago. Many patients have stopped taking anti-AIDS drugs because of a growing incidence of both side effects and resistance to the drugs by the AIDS virus. And people continue to be infected at a rate that hasn't changed for a decade.
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