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Tropicana is still oral prednisone dosage multiple sclerosis available The U.S. Food and Drug Administration (FDA) allows for the sale of Tropicana products under the name "Tropicana" in United States at retail stores, including Walmart. However, the U.S. DEA has already made a formal opinion (FDA-00-39) on the use of Tropicana as a name for such products, and thus it was decided not to approve any applications for a U.S. distribution. According to this opinion, Tropicana should be legally called "Tropicana". The company is therefore in process of rebranding its products. The company plans to change packaging, rebrand its products, and launch new products under the name. As a result of the new name, product will continue to Order diclofenac online uk
be available in retail outlets. For example, the products will be renamed in the United Kingdom as "Trincade" (i.e., "Tropicana" with a "V") to avoid problems with local drug laws. The name change should be completed by year-end 2005.
Conference call In late March 2005, Bristol-Myers Squibb announced that they would hold a conference call at 11 AM Central time to discuss the earnings report. At conference call, analyst Brian Rippon of Baird Equity Research, who had been covering the company since its IPO in 1998, provided his take on the company's performance. Rippon, who is also a former Director at Bristol-Myers, provided his take on the company's stock price. He discussed the following: company's product pipeline which includes several new drugs; the company's ability to retain a significant portion of its existing employees, who are paid better than in any other pharmaceutical company; the company's strategy to leverage its position in pharmaceutical distribution and services (primarily with specialty drug stores), a view to further expanding its presence in drug development; the company's position in specialty drug business, which was established after the company realized it could grow by capturing the market for drugs high-risk patient populations or for "off label" use (i.e., in hospitals or for the general population); Bristol-Myers' strategy to acquire additional specialty pharmacy and distribution customers in the United States. Bristol-Myers did not discuss, however, any other aspects of its strategy, and business could not be directly compared with that of the major players in sector. earnings call was followed by a press conference Bristol-Myers, where chairman and CEO Michael Ory addressed questions from investors. He discussed: The company's strategy for increasing revenues prednisone oral dose pack and profits by focusing on a few products which have had the biggest benefit; company's ongoing efforts to develop drugs for chronic pain (mainly from arthritis and various forms of cancer);
the firm's efforts to reduce spending on research and development (R&D), because these are difficult to reduce when you have a large sales force selling multiple products to a large number of patients and insurers;
the firm's strategy to "make money in the world" which will come through strengthening its relationships with "big, big pharma" companies. Although the conference call provided a few information points about the company's current operations, company did not provide further details about the changes it plans to make.
Investors' reaction to the conference call Bristol-Myers earnings had an expected price range of $10.50 to $19.50 per share (the close of the stock on New York Exchange March 10, 2005). The stock price closed higher at $21.46 per share before trading halted for one minute and 15 seconds. In the three months preceding earnings release, Bristol-Myers was trading between $.
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