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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| October 04, 2004 | COPYRIGHT 2004 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

Merck rebounds from Vioxx loss

A day after plunging 27%, Merck regained some lost ground, rising 1% to 33.31. The drug maker was pummeled after it pulled its popular Vioxx arthritis drug over health concerns. Pfizer, which is expected to benefit from higher sales of its arthritis drugs, rose 1% to 30.97. Novartis, which also makes a Vioxx alternative, saw its shares climb 50 cents to 47.17.

ANS drops Cyberonics buyout bid

Cyberonics fell 8% to 18.85 after Advanced Neuromodulation Systems withdrew its unsolicited $524 mil buyout offer. ANS had said it was interested in expanding its neurological disorders product line by adding Cyberonics' epilepsy device. ANS acquired a 14.7% stake in Cyberonics in Aug., followed by a Sept. takeover bid. ANS rose 1.5% to 30.87%.

** Bristol-Myers Squibb and Otsuka Pharmaceutical's anti-psychotic drug Abilify got FDA approval for acute bipolar mania. The FDA ...

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