Word: hoechst
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Yesterday's approval of the expansion project probably insures that MGH will receive a $12-million grant from the Hoechst Corporation, which has stipulated that the hospital must break ground on the development by April 1 to receive the money...
...must complete the laboratory by April 1 to be eligible for a $60-million grant from Hoechst-Roussel, a German chemical corporation. But an aide to the bill's sponsor said yesterday that the usual public hearing process can take more than a year...
...Hoechst-Roussel offered in June to bankroll the MGH laboratory in return for rights to manufacture and distribute any products resulting from research in the new building...
Despite the April 1 deadline, which Hoechst-Roussel set in June as part of the grant stipulation, a spokesman for the state Public Health Commission (PHC) said Monday MGH has not yet applied for permission to build the laboratory...
...this week denied suggestions that a West German company contracted to support molecular biology research at MGH would take advantage of public funds to make money. Martin S. Bander, head of news and public affairs at MGH, took issue with Rep. Albert Gore Jr. (D-Tenn.), who said that Hoechst A. G., the company, "contemplated the opportunity to leverage public investment at the hospital to its own interest." Under an agreement reached last May, Hoechst will fund molecular biological research at MGH and receive the right to profit from it before other companies gain access to the findings...