HEALTH
- Share via
Carter-Wallace to Retrench: Faced with the collapse of profits from two of its key drugs, the New York-based company said it will slash its pharmaceutical research and sales staffs and curtail manufacturing. The use of the drugs--Felbatol, an epilepsy medication suspected in 11 deaths, and Organidin, an asthma treatment pulled from the market in June--was called into question by the Food and Drug Administration. Analysts said Carter-Wallace Inc. may eventually get out of prescription drugs altogether, leaving its future to consumer products.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.