Word: interferon
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According to scientists at universities throughout the country, the biotechnological industry cooled down once its wonder drug, interferon, proved not to be a miracle cure for cancer. The shrinking pubic appeal of these businesses led to a sharp reduction in investments and sparked an intense competition that has threatened many of the smaller firms. Jeremy R. Knowles, Amory Professor of Chemistry, predicts that "the smaller ones [will] be eaten by the larger ones in a Darwinian struggle for survival...
...range potential. The first new products, including human insulin and a vaccine for newborn calves and pigs, are expected to appear on the market soon. Big profits, however, are still years away. A study released this month by SRI International, a California think tank, found that miracle drugs like interferon, which may be used to treat cancer, will not be available in commercial quantities until 1990. Development of agricultural products that could be used to increase food production may take even longer. Thus the investment payoff from such wonder products is still far in the future...
Biotechnology--the commercial use of biological processes, including genetic engineering--has received a great deal of attention from the scientific community as a potential source of medical and industrial advancements. By "splicing" and rearranging genes, researchers believe they may someday produce such crucial substances as insulin and interferon, as well as the means to accelerate food and energy production. One laboratory has already announced that it has found a vaccine for hoof-and-mouth disease, the deadly ailment that afflicts cattle...
Like executives at the other major firms in the industry, Cetus President Peter Farley is dampening public expectations about interferon. Says...
...says it can now produce 6,000 daily patient doses of interferon in just 15 hours, which is faster than any other company has publicly claimed...