Word: high
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Dates: during 1980-1989
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...defense, the North Carolina-based pharmaceuticals maker, a subsidiary of Britain's Wellcome P.L.C., cites the high cost of research and development. In an attempt to defuse the cost crisis, the company said last week that it will cut the wholesale price of AZT 20%, to $1.20 a pill. One reason the company is able to do so is that the potential market for the drug has grown substantially in recent weeks with the discovery that AZT can help a far larger group. A Government study released in August concluded that the drug, besides helping people who have AIDS...
While Burroughs Wellcome said it had been planning the cut for some time, the announcement came on the heels of angry protests. Well-organized AIDS activists condemned AZT's high price at stock exchanges in London, New York and San Francisco, chanting such slogans as "Be the first on your block to sell your Burroughs Wellcome stock." Senate staffers in Edward Kennedy's office began researching possible ways to nationalize the drug by invoking a law, dating from World War I, that allows the Government to revoke exclusive patents and licenses in the interest of national security. And the House...
Burroughs Wellcome refuses to disclose its profit on AZT, but industry analysts believe it could range from a low of $25 million to a high of $100 million on this year's sales of $200 million. When the costs of overhead and continuing research are factored in, "the average operating profit from all the sales of Burroughs Wellcome is 20%. Though they have a 30% operating profit margin on AZT, it's still within the bounds of the pharmaceutical industry," says Jo Walton, who follows the industry for Shearson Lehman Hutton in London...
...growl. The exhaust note, as you wind the little, high-revving, 116- h.p. engine up through five gears, sounds like one-fourth of a Ferrari. Or, memory says, like an old MG-TC or Porsche Speedster. Which is to say, cunningly tuned to bring a grin but not a police cruiser. This is true, more or less, of the Miata's performance. Steering is solid and very quick; cornering is flat, without sway or slosh; and straight-out acceleration (0 to 60 m.p.h. in 8.6 sec.) is brisk but not pavement scorching...
...French airline UTA bound from Brazzaville to Paris, left the runway after its scheduled stopover in N'Djamena, the capital of Chad. Twenty minutes into the flight, Captain Georges Ravenaud radioed the airport to report that all was normal. Flight 772 was never heard from again. High above the desolate Tenere desert in neighboring Niger, the plane exploded, killing all 157 passengers and its 14- member crew. Among those aboard were seven Americans, including Bonnie Pugh, wife of the U.S. Ambassador to Chad, Robert Pugh...