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SECURITY:ICN (Common)
EXCHANGE: New York Stock Exchange Chicago Stock Exchange
ICN is a research-based global
pharmaceutical company that manufactures, markets and distributes a broad
range of prescription and non-prescription pharmaceuticals under the ICN
brand name. ICN has operations in North and Latin America, Western, Central
and Eastern Europe and the Pacific Rim countries.
ICN receives royalties from
the license of ribavirin, discovered and developed by ICN and licensed
to and marketed by Schering-Plough Corp. (NYSE:SGP) as Rebetol® in
conjunction with Schering-Plough’s Intron® A for hepatitis C. Rebetron™
is sold in the U.S. and Rebetol® in European countries. An estimated
two- percent of the world“s population is infected with the hepatitis C
virus.
ICN’s research and development
program focuses on anti-infectives, with emphasis on antivirals; oncology;
dermatology; central nervous system compounds and pain management. Ribavirin
is a product of ICN innovation. The company’s science and technology platform
is based on longstanding expertise in nucleic acid chemistry. ICN has one
of the largest libraries of nucleosides (components of DNA) in the pharmaceutical
industry.
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