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February 16, 2001
By: TOM BRANNA
Editor
Schering-Plough, the leading player in the sun care market,warned that its first-quarter earnings would come in as much as 15% below last year’s profit of 42 cents a share. Analysts were looking for a profit of 48 cents a share. The company cited regulatory concerns about its drug manufacturing processes, which hampered sales. In addition, Schering-Plough said the FDA wouldn’t approve Clarinex, a new version of its popular antihistamine Claritin, until the manufacturing issues were r...
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