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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| March 01, 2006 | COPYRIGHT 2006 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

Hospira misses views, tumbles

The hospital goods firm fell 15.5% to 39.70 after it said its Q4 EPS fell 20% to 32 cents ex items, 13 cents below views. Sales fell 8% to $646.2 mil, also sharply under estimates, as hospitals worldwide bought fewer of its products. Hospira forecast '06 profit of $2.05-$2.10 ex items and net sales growth of 4%-6% vs. '06 estimates of $2.25. The company announced plans to buy back $400 mil of stock.

Teva beats on N. American sales

The world's largest generic drug maker reported a 9.8% rise in Q4 earnings to 45 cents a share, beating views by 2 cents, citing strong North American sales. Revenue rose 6% to $1.4 bil, with sales of its proprietary multiple sclerosis treatment Copaxone up 24%. The Israel-based firm will soon launch generic versions of Merck's cholesterol drug Zocor, Bristol-Myers Squibb's cholesterol drug Pravachol, and Pfizer's antidepressant Zoloft. ...

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