Word: hoechst
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Dates: during 1980-1989
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...exports and a curbing of the appetite for foreign goods, particularly luxury consumer items. Even there, the current bargain-basement sale of U.S. assets may eventually prove to be of some help. Quick to recognize the export advantages of the weak U.S. dollar, for example, the new management at Hoechst Celanese has already decided to move some chemical production from West German factories to American ones. At the same time, new managers like Sir Gordon White are giving their American troops a pep talk. Says he: "In the U.S., you haven't got the drive to export. It's often...
Currently, several members of the genetics department at Massachusetts General Hospital are conducting a 10-year cancer research project funded by a $50 million grant from Hoechst Chemical Corp., a Frankfurt-based international chemical and pharmaceutical company...
...Part of the contract is that we are an academic department and that we do basic research," said Howard M. Goodman, professor of genetics, who is in charge of the project. "We feel no pressure whatsoever, and Hoechst has no influence whatsoever on the kinds of projects our people are working on," he said...
Under the arrangement Hoechst A.G. of West Germany provides a 10 year $50 million grant to support research into recombination DNA In return, the firm receives the right to profit first from any research results, though MGH will hold all patents on discoveries...
...focused on isolated offenses and ignored the major obstacles that drug companies face in the Third World. Some of those problems: distributing drugs to patients who may live far from medical centers; keeping vaccines refrigerated in jungle outposts; teaching uneducated patients how to take medicines. Dow, Parke-Davis and Hoechst maintain they have uniform policies on drug information worldwide. Any abuses, they say, originate within the importing countries. Syntex and Squibb note that warnings for their products have been omitted by local drug manuals. "We are not responsible for what the guides will print," said a Squibb spokesman...