Icos strikes deal with Eli Lilly to develop Viagra-like drug with fewer side effects
Article Abstract:
Icos Corp will partner with Eli Lilly and Co to develop IC351, an impotence drug that apparently lacks Viagra's side effects and could be commercialized by late 2001. Lilly will pay for IC351 development for 3 years, with $75 million paid to Icos up front. The firms will split marketing costs and profits in North America and Europe, according to Icos. Icos chair George Rathmann says the 50% profit split is justified by the high costs of marketing against Pfizer Inc's Viagra. Icos is now conducting Phase II studies involving 475 patients, and will design Phase III studies with Lilly to be held in 1999.
Comment:
Signs partnership with Icos Corp to develop an impotence drug with fewer side effects than Viagra
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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British Airways moves closer to being 'virtual airline'
Article Abstract:
British Airways, to cut costs and increase operational flexibility, is seeking to be the first international carrier to lease its fleet by the month. British Airways is planning to outsource almost all of its business, including aircraft, engines, maintenance, and flight training. The airline plans to eventually supply little more than scheduling and brand-name recognition. Keeping the asset value of expensive aircraft off its books would enable the airline to more easily redeploy them among its subsidiaries as market conditions change.
Comment:
British Airways to arrange lease agreement for aircraft
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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IBM wins $3 billion pact for CWC Computer Services
Article Abstract:
Cable & Wireless Communications PLC officially announced that it has reached an agreement to pay International Business Machines Corp. (IBM) $3 billion as part of a 10-year partnership. The payment is part of the largest computer-services outsourcing deal in Europe. Under the terms of the deal, Cable & Wireless' 54% owned unit will send 1,000 workers to IBM's Global Services unit. The company will also provide customer-care and billing systems to IBM.
Comment:
Cable & Wireless to pay International Business Machines Corp. (IBM) $3 billion as part of a 10-year partnership
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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