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3M weighs selling drug unit: Deal possible in 12 months; 1,500 jobs affected.(Company overview)
Byline: John Welbes
Apr. 5--3M Co. is better known for launching product lines than tossing aside existing ones. But the Maplewood-based manufacturer said Tuesday it may sell its pharmaceutical division, a unit with estimated annual sales of $800 million and 1,500 employees worldwide. Its products include Aldara, a prescription skin cream for treating cancerous skin conditions and genital warts that has not delivered the sales punch 3M had hoped. The planned sale also offers evidence, analysts said, that new 3M CEO George Buckley won't be afraid to shake up the company's widely diversified portfolio of products, which includes kitchen sponges and sandpaper. Brad Sauer, a 3M executive vice president, said in a prepared statement that it has a better chance to grow as part of a "dedicated ...
- Aldara (Imiquimod) Cream, 5% Included in Multiple Poster Presentations at...
- Press release article from: Business Wire July 27, 2006 700+ words
ST. PAUL, Minn. -- Aldara is First and Only Immune Response Modifier...Perianal Warts 3M announced today that Aldara Cream is a featured topic in multiple...meeting in San Diego, July 26-30. Aldara Cream is the first and only immune response...
- Aldara(TM) (Imiquimod) Cream, 5% Included in More Than 20 Presentations at...
- Press release article from: Business Wire March 2, 2006 700+ words
...PAUL, Minn. -- 3M (NYSE:MMM): --Aldara is the First and Only Immune Response...Genital Warts 3M announced today that Aldara Cream is a featured topic in more than...meeting in San Francisco, March 3-7. Aldara Cream is the first and only immune response...
- Supplemental NDA submitted for Aldara cream, 5%.
- Newspaper article from: Drug Week July 11, 2003 700+ words
...Drug Administration (FDA) to market Aldara (imiquimod) Cream, 5%, an immune...million are basal cell carcinomas (BCCs). Aldara cream, currently the leading prescription...Additionally, 3M submitted a sNDA for Aldara cream for the treatment of actinic keratosis...
- 3M Announces Positive Results from Phase III Trials On Aldara for AK and sBCC...
- Press release article from: Business Wire March 3, 2003 700+ words
...results in pivotal Phase III studies of Aldara (imiquimod) Cream, 5%, an immune...counted at baseline was 83 percent in the Aldara treatment group versus 0 percent in the...group. The complete clearance rate in Aldara treated patients was 45 percent versus...
- 3M Pharmaceuticals Announces Long-term Clinical Benefits of Aldara Cream for...
- Press release article from: Business Wire June 20, 2005 700+ words
...of Dermatologic Surgery, prescription Aldara (imiquimod) cream, 5% delivers long...showed 75 percent of patients treated with Aldara Cream three times per week, and nearly...response modifier (IRM) approved for AK, Aldara cream stimulates the skin's immune response...
- 3M Submits Supplemental New Drug Application to FDA for Aldara Cream for the...
- Press release article from: Business Wire May 5, 2003 700+ words
...Drug Administration (FDA) to market Aldara cream, an immune response modifier...many as 10 million Americans each year. Aldara, currently the leading prescription treatment...clinical data which support the use of Aldara in treating patients with AK," said...
- Graceway Pharmaceuticals Reports Study in New England Journal of Medicine:...
- Press release article from: Business Wire April 21, 2008 700+ words
...concludes that imiquimod cream, 5% (Aldara) "is a promising agent for the treatment...to the authors, patients treated with Aldara did not experience certain side effects...study comparing imiquimod cream, 5% (Aldara) to placebo in 52 patients with grade...
- Graceway Pharmaceuticals Reports Study in British Journal of Dermatology:...
- Press release article from: Business Wire April 16, 2008 700+ words
...treatment options: imiquimod 5% cream (ALDARA), topical 5-fluorouracil (5-FU...demonstrated that patients treated with ALDARA experienced the highest level of histological...more patients remained disease free with ALDARA than after treatment with cryotherapy...