Word: development
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Dates: during 1980-1989
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...million), one of the industry founders, remains the model for other gene-splicing firms. Started in 1976, the South San Francisco firm now employs 110 Ph.D.s. This year the company hopes to put on the market a human growth hormone that is said to enable abnormally small children to develop as large as normal ones. It also s expects to have two breakthrough products in human evaluation tests...
Such arrangements can be perilous for small companies because they limit future profits. One of the first big drug firms to license gene-splicing technology was Eli Lilly (1983 sales: $3 billion). Now it has assembled its own team of scientists and is rushing to develop a hormone that stimulates milk production in cows. Says Earl B. Herr Jr., president of its research laboratories: "If you're in a horse race, you have to win. The first company in the market will grab a big share, and each guy that comes later will grab a smaller...
...young company doing all it can to go it alone is Molecular Genetics (1983 revenues: $6.9 million). Founded by two University of Minnesota professors five years ago, it has limited entangling alliances by searching for products it can develop by itself. In December it introduced in the U.S. a treatment for scours, an often fatal diarrheal infection in newborn calves. Some 25,000 doses of the substance have already been ordered, and the firm expects that it will generate sales of more than $1 million during the first three months of 1984. Says Company President and Co-Founder Franklin Pass...
...trying to develop a sense of community and cohesion because minority graduate students are particularly alienated from the mainstream of undergraduate life." said Sherce Queen, a fifth-year graduate student and assistant head tutor in the Government Department...
...return, Apple hopes that students and professors at the universities will develop software and hardware gadgets for the Macintosh system, which currently comes with little more than text editing software and very sophisticated graphics...