Word: coste
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Dates: during 1950-1959
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...course the structure of such law must be patiently built, stone by stone. The cost will be a great deal of hard work, both in and out of government, particularly in the universities of the world...
Aware that modern nuclear research is too expensive for any but the world's giant powers, twelve of Europe's nations* launched CERN in 1954 as a scientific venture in international cooperation. CERN's most ambitious project so far is the big accelerator. It cost $35 million, took four years to build, ran into many obstacles. Perhaps the toughest was the discovery that the ground near Geneva trembles measurably every month or so. "It was found," says CERN's Canadian-born Jack MacCabe, "that these tremors were caused by Atlantic storm waves pounding on the beaches...
Dramatically Kefauver's staff presented a chart showing that the Schering Corp. sold bottles containing 100 tablets of prednisolone, an antiarthritic drug, to druggists for $17.90, although the cost of buying the drug from another drug manufacturer and bottling it came to only $1.57. Was this markup of 1,118% fair? Kefauver asked...
...Hidden Costs. Upset by the fast attack, Schering's President Francis C. Brown hotly protested that Keef's chart -and the Keef himself-were all wrong. Prednisolone, said Brown, is a Schering improvement on Merck & Co.'s basic cortisone, is marketed by Schering under the trade name Meticortelone. Schering cross-licensed other companies to make it and bought a lot of it from Upjohn Co., at $1.19 per hundred tablets. But this price, argued Brown, did not take into account the costs for research, administration, taxes, selling and distribution. By Schering's figuring, said Brown...
...people think that wonder drugs, such as prednisolone, which enables bedridden arthritics to walk, cost too much, said Brown haughtily, the problem is "inadequate income rather than excessive prices." In reply, the subcommittee staff brought out that Schering bought some hormone tablets at 12? per 60 from a French manufacturer, wholesaled them as "Progynon" for $8.40 with a consumer price of $14-a 7,079% markup...