CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
A Shot in the Arm for Squibb
By - Nancy J. Perry

(FORTUNE Magazine) – Squibb's much-touted high blood pressure medication, Capoten, was hobbled when problems with side effects led the Food and Drug Administration to approve it only as a drug of last resort (FORTUNE, October 19, 1981). In 1982 the FDA expanded use of Capoten to include treatment of congestive heart failure and in July, convinced that serious side effects occur mostly in gravely ill people, removed restrictions on the drug. Security analysts say sales of Capoten could rise from $174 million in 1984 to $600 million by 1990. The news boosted Squibb's stock to a 20-year high, near $70 a share.