Word: drugged
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Dates: during 1950-1959
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...facts: diethylstilbestrol (stilbestrol for short) is a synthetic of the same chemical family as the female sex hormones (estrogens). Physicians prescribe it for some women whose systems need more estrogens, for some men with prostatic cancer. Back in 1947, the U.S. Food & Drug Administration authorized poultry farmers to use stilbestrol as a chemical castrater for cockerels, by implanting 15 mg. at the base of the skull (so that any residue at killing time would be thrown away with the head). Thus artificially caponized, the fowl gain weight faster than surgically castrated birds. Caponettes made up about...
...public, the U.S. drug industry would like to appear as a dedicated, white-coated scientist skillfully brewing one wonder drug after another. But Tennessee's Estes Kefauver, chairman of the Senate Antitrust Subcommittee, long has had ambitions to paint a different picture -of an industry that fixes prices too high. Last week, opening an investigation of drugmakers, the Keef got in his broad strokes as soon as nervous industry witnesses settled uncomfortably in their hot seats...
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...
...choosing Schering as his initial target, Senator Kefauver picked a good example of the high-profit potential of the drug industry. Set up in Bloomfield, N.J., in 1935 by Germans to make sex hormones, Schering had only $3,000,000 in annual sales when the Government confiscated the company in 1942, and put Francis Brown, then a young Government attorney, in charge. The Government sold the company for $29 million in 1952, and within five years its yearly net exceeded that. But success was not guaranteed. A year after the stock went on the market at $17.50, it dropped...
Three Classes. Drug firms, said Connor, fall into three classes: 1) "creators"; 2) "molecule manipulators" who change basic drugs around but seldom score "home runs"; and 3) "coattail riders." who do no research, wait for a market to develop, then jump...