Word: merck
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...Merck...
Only 13 of the original 30 stocks are still on the list. Dropped long ago were smoky, smelly oldies like American Smelting, Nash Motors and American Sugar. The three latest additions are IBM, Merck and American Express...
Like many new fields in the early stages of development, there are now simply too many firms trying to capture the same market. These include new, well-financed companies like Genentech and Cetus, big drug companies like Merck and Eli Lilly, plus a host of smaller, undercapitalized firms. Observes Jonathan Ziegler, vice president of Sutro & Co., the San Francisco brokerage house: "There is duplication of effort on a grand scale in this industry. Probably 150 of the 200 companies are working on the same five products...
...approve its use as a post-heart attack treatment. As it is, physicians are free to prescribe it since it is already approved for other uses. Many heart attack patients are taking Inderal for other heart-related conditions. The FDA is also expected to rule favorably soon on Merck Sharp & Dohme's application to introduce another beta blocker, timolol, into the U.S. for use after heart attacks...
...Rahway, N.J., chemists at Merck & Co., the country's biggest prescription drug manufacturer, stare into video display computer terminals at brightly colored, twisting geometric shapes reminiscent of an alien virus in a science-fiction epic. The scientists are testing the action of a new drug on an enzyme through computer simulation. Says Merck Research Fellow Graham Smith: "Instead of taking a month to synthesize a new compound, we can now do it in a few minutes...