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MEDICAL FDA supports Artes wrinkle shot An advisory panel backed approval of Artecoll injections, where bovine collagen and tiny plastic spheres are used to hide wrinkles. If the Artes Medical product gets FDA approval, it could compete with popular current injections of Botox, made by Allergan, and collagen. Schering's profit rose 18% in Q4
The German drug firm earned $110 mil. Schering's full-year profit grew 11% to $496 mil. Sales climbed 10% to $5.37 bil amid strength of its Betaferon multiple sclerosis drug and two contraceptives. U.S. sales made up 22%. But there are fears the declining dollar and Latin American currencies will hurt '03 sales.
** Able Labs won the FDA's OK for its 50 mg generic form of Wyeth's Phenergan to treat allergies, nausea and ...