1. Schering - pinning its hopes on MS drug
- Subjects
Bayer HealthCare Pharmaceuticals -- Product introduction ,Antiviral agents -- Product introduction ,Multiple sclerosis -- Care and treatment ,Business ,Business, international ,Pharmaceuticals and cosmetics industries - Abstract
Schering expects 20 million US dollar sales in 1993 from Betaseron, a beta interferon targeted at the treatment of relapsing-remitting multiple sclerosis (MS). For 1994, sales of 200 million US dollars are forecast. The product received FDA approval in July 1993, and it hit the US market in October of the same year. The company plans to invest 860 million Deutsche Marks (DM) in 1994 on R&D, compared to DM800 million in 1993.
- Published
- 1993