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TRENDS & INNOVATIONS.(TO THE POINT)
Drug spending will rise this year
Spending on prescription drugs is expected to grow 15.9% due to higher prices and more use, pharmacy benefits manager Express Scripts said. But growth slowed from 16.9% in '01 and should drop in years ahead because of more use of generics and fewer new drugs coming up.
Belgian firm develops smart gun
An arms maker made a prototype that can be used only by its owner, developed under contract with the U.S. It's intended to make it harder for criminals to use stolen weapons. The system uses an electronic device attached to the owner, which the gun recognizes. Production could start in three …
