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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| June 02, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MEDICAL

Schering-Plough in criminal probe

The maker of allergy-fighter Claritin and other drugs signaled it may soon face federal indictments. The U.S. Attorney's Mass. office is probing Schering-Plough for allegedly selling unapproved drugs, giving false price info to the government and obstructing justice by destroying documents related to a government probe. Schering fell 2%.

Viagra rival set to launch this year

Bayer and GlaxoSmithKline's Levitra was found to have no major side-effects by an FDA panel, suggesting the impotence drug could get a final OK by the 2nd half. It's already OK for Europe and some parts of Latin America. Global sales could top $1 bil. Bayer rose 1%, GSK slid 2%.

ImClone up 21% on Erbitux hopes

Investors expect positive data on its Erbitux cancer drug from its partner, Germany's Merck, over the weekend at an American Society of Clinical Oncology meeting. ImClone ...

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