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...Charging conspiracy to fix prices and limit competition, the Justice Department won a grand jury antitrust indictment against three of the nation's largest antibiotic producers and their chief executives. The defendants: American Cyanamid and its chairman, Wilbur G. Malcolm; Charles Pfizer & Co. and Chairman John E. McKeen; Bristol-Myers Co. and President Frederic N. Schwartz...

Author: /time Magazine | Title: Public Policy: Antitrust & Antibiotics | 8/25/1961 | See Source »

...alleges, Cyanamid bought out Heyden's rights to the development and agreed to help Pfizer get the tetracycline patent. In return, charges the Justice Department. Pfizer licensed Cyanamid to produce the drug. Later, to avoid a court fight that might have nullified the patent, Pfizer and Cyanamid let Bristol-Myers...

Author: /time Magazine | Title: Public Policy: Antitrust & Antibiotics | 8/25/1961 | See Source »

...Dull and in atrophy for several years, Scotland's International Festival of the arts promises a return to pre-eminence this year under a new artistic director, Lord Harewood, 38, music-critic cousin of Queen Elizabeth. With John Osborne's Luther (see above), he will present the Bristol Old Vic's version of Lawrence Durrell's Sappho and Wolf (Expresso Bongo) Mankowitz' adaptation of Friedrich Duerrenmatt's Frank V, described as the "musical history of a private bank." Then there is also the famed Edinburgh "Fringe"-small, independent productions that sprout by the dozen...

Author: /time Magazine | Title: Show Business: The Festival Circuit | 6/30/1961 | See Source »

...beard with more regularity than Miami Adman Erwin Harris, 39, who is still trying to collect tor an advertising campaign he ran for the Cuban Tourist Commission in 1959-60. Armed with liens on $429,000 worth of Cuban property in the U.S., Harris temporarily impounded two Cubana Airlines Bristol Britannias during 1960's hectic U.N. session forced Castro to fly home in a Soviet Ilyushin-18. Two months ago, Harris grabbed four Cuban C46 cargo planes, sold them for $36,000. Fortnight ago he seized another C46 and 13 boxcars of tobacco, released the leaf last week only...

Author: /time Magazine | Title: Business: Personal File: Jun. 9, 1961 | 6/9/1961 | See Source »

...expectation of the success of its machine to weld plastic. A stock whose name suggests either electronics or technical mystery seems sure to have a jump in price. Among recent new issues, Nytronics has gone from 5 to 13¾, Renwell Electronics from 4 to 19, Bristol Dynamics from 7 to 19; Radiatronics, Pneumodynamics and Bell Electronic have all more than doubled. Fast rises are not confined to the " 'tronics." The stock of a company called Mother's Cookie, which came out only seven weeks ago at 15, has had a yeasty rise...

Author: /time Magazine | Title: Wall Street Fever: New Issue Speculation Is Out of Control | 4/28/1961 | See Source »

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