Word: hadly
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Dates: during 1950-1959
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Died. Bartley Cavanaugh Crum, 59, able lawyer and political dilettante who spent a lifetime in and out of left-wing groups, as a member of the Anglo-American Commission of Inquiry on Palestine (1946) clamored vociferously for the creation of Israel, blasted the Truman State Department in a book (Behind...
To the 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...
In 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...
When the subcommittee asked Merck & Co.'s President John T. Connor for an explanation, he was well prepared. The big companies, said he have different selling costs for individual sales and bulk sales to Government, could not stay in business if they sold to everybody at the same price...
Illustrating the job of the creators, Connor said that his company spent 15 years trying to develop a cure for the rare (800 new cases a year) Addison's disease. In the search it found out, in 1949, how to mass-produce cortisone, today used by millions, and with...