Fred Hassan Quotations

We remain determined to become a high-performance competitor for the long term -- and over the past several quarters we have made steady progress toward that goal.

Three years after beginning our Action Agenda, Schering-Plough today is delivering a solid record of performance -- growing our business and moving ahead with the turnaround phase of our six- to eight-year plan.

Pharmacia' captures the focus of the new organization as an exceptionally fast-growing core pharmaceuticals business in the top tier of the industry,

Our cholesterol franchise is pivotal and continues to gain share in the United States and other major markets.

Our cholesterol franchise continues to be a critical growth driver.

Looking ahead, we continue on track to build Schering- Plough into a company with the strength and breadth to deliver long-term high performance. We are moving from survive mode into thrive mode.

We continue to deliver on the promise we made when we began our turnaround in 1997 of achieving annual double digit earnings growth, ... Our results this quarter were again driven by strong growth in the U.S., where prescription sales increased 28 percent.

We have now registered our fourth consecutive quarter of strong sales growth and our third consecutive quarter of higher earnings, excluding special items,

We are building strength through transforming and energizing our key brands.

We are very active because we recognize we have a late-stage pipeline gap.

We have delivered on our promise of achieving a turnaround in 1998 and double-digit earnings growth for the full year,

These changes are designed to further strengthen the global finance team, which continues to play an important role in the transformation of Schering- Plough.

These changes allow us to focus even more effectively on the needs of our customers in different markets, to better manage and drive growth and to build a competitive edge through innovation, speed and flexibility.

We are building a special capability at Schering-Plough to respond to these and other challenges with innovation, speed and flexibility. We aspire to continue being the company delivering the most positive change of any in our peer group, as we work to deliver our Turnaround and advance our six- to eight-year Action Agenda for transformational change.

The company's strength grows daily. It is going very nicely.