Word: heyden
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Dates: during 1960-1969
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...antibiotics, so called because, unlike narrow-spectrum penicillin, they treat a wide variety of diseases. Until 1953, according to Government charges, Cyanamid's aureomycin and Pfizer's terramycin accounted for 92% of the broad-spectrum market. At that point, all three defendants, plus New York's Heyden Chemical Co. (now Heyden-Newport Chemical Corp.), applied for patent rights on tetracycline, a new antibiotic made with an aureomycin base...
...Threat. "Pfizer and Cyanamid," says last week's indictment, "knew that tetracycline represented a threat to the continuation of their dominant positions and unreasonably high profits." To keep that threat in check, the indictment alleges, Cyanamid bought out Heyden's rights to the development and agreed to help Pfizer get the tetracycline patent. In return, charges the Justice Department. Pfizer licensed Cyanamid to produce the drug. Later, to avoid a court fight that might have nullified the patent, Pfizer and Cyanamid let Bristol-Myers...
...complained about the cost-price squeeze and increased competition. Companies with higher and in some cases record first-half earnings per share were: 1960 1959 IBM $4.19 $3.51 Westinghouse Electric $1.14 $ .96 Allied Chemical $1.55 $1.40 Scott Paper $1.66 $1.48 Parke, Davis $1.02 $ .93 P. R. Mallory $1.32 $1.30 Heyden Newport Chemical...