Word: marketing
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Dates: during 1960-1969
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Although many drugs had disappeared from the market over the years through competitive attrition, the researchers found that they had to evaluate 4,000 dosage forms of 2,824 preparations containing 300 basic chemicals. Only 15% of the products were over-the-counter items; the rest were prescription drugs...
...generally about as effective as a solution of common salt or even plain water. It suggested that the makers be required to drop claims that their products control breath odor, relieve throat pain or reduce the number of bacteria in the mouth. The washes should be allowed on the market, the panel said, only if they are advertised as "pleasantly flavored solutions...
...products, such as the cortisone group of hormones, but even of digitalis, the oldest and most effective medicine for the most common forms of heart disease. In most cases, the FDA will proceed slowly and cautiously, figuring that it may be wiser to leave a product on the market until its efficacy is definitely disproved by the panel...
...cases in which FDA has taken decisive action, it has run into strong opposition. The agency is trying to remove from the market 1) a combination of two antibiotics, tetracycline and novobiocin, marketed by the Upjohn Co. as Panalba, and 2) a combination of tetracycline with an antifungal agent, sold as Mysteclin-F (E. R. Squibb & Sons), Declostatin (Lederle Laboratories) and Tetrastatin (J. B. Roerig division of Chas. Pfizer & Co. Inc.). Upjohn has already taken its case to the courts, and the other firms may do so as well. Both drugs are widely prescribed items, ringing up tens of millions...
...since 1968, when the U.S. persuaded central bankers to join a boycott. That move was part of a power play intended to blunt South Africa's campaign for an increase in the price of gold. U.S. officials hoped to force South Africa to dump its gold on free markets in London and Switzerland and thus drive the free-market price down to the $35-per-ounce level that prevails in deals between governments. The boycott apparently had little effect. South Africa has obviously not been dumping gold on the free markets, because prices in London and Switzerland have remained...