Word: cyanamid
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...American Cyanamid Corp., Pearl River, N.Y., $1,000,000; G. D. Searle & Co., Chicago, $900,000; Miles Laboratories, Elkhart, Ind., $800,404; Smith, Kline & French Laboratories, Philadelphia, $603,500; Ciba Pharmaceutical Products, Inc., Summit...
...years since, Dumas Milner has never stopped selling, and last week he did his biggest buying and selling yet. Breaking off the biggest single chunk of his $60 million Southern empire, Milner swapped his thriving household-products business (Perma Starch, Mystic Foam Cleaner, Pine-Sol) with American Cyanamid for $11 million in Cyanamid stock. At the same time, he sold off a parcel of Southern hotels and motels for $10 million in cash...
Family & Fishing. Now that the biggest of his companies is under Cyanamid's management, Milner plans to concentrate on such smaller enterprises as a resort island he expects to open up in the Bahamas in February. He will also devote more time to his wife and four children and to his favorite hobby-island-hopping fishing trips through the Gulf of Mexico. He also plans to keep a weather eye out for other companies to invest in. It is a sport he cannot resist...
Last week, arriving in Sicily to inaugurate a big chemical and pharmaceutical complex newly built by his company's Italian subsidiary, Cyanamid President Kenneth Klipstein bluntly urged the Italian government to give reputable drug manufacturers prompt legal protection against "irresponsible firms." Klipstein may yet get his wish-at least in part. Along with foreign drugmakers. the big Italian pharmaceutical houses have grown fed up with the pirating of formulas by small competitors. "It's about time Italian manufacturers got some patent protection," roars Franco Palma, the president of Squibb's Italian affiliate. "We put millions into developing...
...Italy's Minister of Industry and Commerce Emilio Colombo. 42, who has had a bill drawn up that would provide full patent protection for chemical processes in Italy. But under the leadership of Deputy Antonio Cremisini, a Milan drugmaker whose own firm, I.B.I., is among those accused by Cyanamid of pirating its processes, the small Italian companies are putting up an effective political fight to write into the bill an amendment that would guarantee them the right to produce under license any new drug developed by the big companies. Hoping to get the bill passed by early next year...