Word: antitrusters
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Dates: during 1960-1969
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...these charges, with supporting evidence by eminent medical men, were in the records of the U.S. Senate's Antitrust and Monopoly Subcommittee last week when Chairman Estes Kefauver adjourned its hearings for a summer recess. They were just what the Senator wanted to back up his contention that the laws relating to safety, testing, efficacy, pricing and promotion of drugs are in need of a drastic overhaul...
Share the Patents? Testimony on the drug industry is aimed at building up support for Kefauver's drug-industry antitrust bill (S. 1552). As introduced last April in the Senate (and by New York Democrat Emanuel Celler in the House), the bill is a shotgun blast against everything that Kefauver dislikes in the pharmaceutical industry. It would require drug manufacturers to get licenses from the U.S. Food and Drug Administration and give FDA power to inspect and close their plants. It would prohibit marketing of new drugs until they have been proved effective and make FDA the judge...
...covers 47,000 individuals, has spread in monthly rates from $7.25 (standard, single) to $24.20 (de luxe family), covers both hospital and medical costs. In 1939, G.H.A. doctors were barred from Washington hospitals until the District Medical Society and A.M.A. were convicted of violating the Sherman Antitrust...
...claims there are 150,000 prescription drugs now in use, increased by 15,000 new mixtures and dosages each year, while 12,000 die off. These figures are then used to support baseless recommendations to cut drug production which, if carried out, would in part be violative of federal antitrust laws...
...lazy, indolent way to do business," said General Electric's President Ralph J. Cordiner, 61, as he sought to explain to Senator Estes Kefauver's antitrust subcommittee how G.E. executives got started price fixing. But Cordiner coldly rejected Kefauver's suggestion that G.E.'s antitrust violations constituted "corporate disgrace." Said Cordiner: "No, I am not going to say that ... I am going to say that we are deeply grieved and concerned." G.E., he said, was the only one of the 29 companies involved in the great electrical conspiracy to fire its convicted employees, because...