Word: merck
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Route to the Top. Corn Products Co. has set up a Brussels headquarters to coordinate operations in 14 European countries instead of having all report to New York. Sperry Rand's computer and office-equipment sales forces in 18 nations are now run out of Lausanne; Merck Sharp & Dohme recently established an office in Brussels to supervise six European subsidiaries. Says Professor Raymond Vernon, international trade specialist at Harvard Business School: "For the first time in history, we're seeing global strategy in terms of corporate entities. What you are seeing is a fundamental reorganization...
...facts in the current case were simple and clear. Merck Sharp & Dohme was testing a pill containing two synthetic hormones. One is an estrogen, familiar and long in use; the second is a new progestin, closely related to those in pills already available but differing in detailed chemical structure. Although 340 women have taken the still-experimental pill for several months with no apparent ill effects, the manufacturer tried giving exceptionally large doses-20 to 40 times the human dose-to dogs. Two of the dogs in the experiment developed cancer...
...required by 1962 law, Merck promptly notified the Food and Drug Administration and simultaneously asked physicians to stop testing the pills. Commented an FDA spokesman: "It seems clear that this is a case where the law worked the way it was supposed...
Dextran, says the Merck Index of Chemicals and Drugs, is "a term applied to carbohydrate slimes originating from sugar syrups, found in crystallizing tanks of sugar refineries." Thus described, dextran hardly sounds like anything for a doctor to prescribe. For years, however, it has been used as a readily available substitute for blood plasma to boost the volume of fluid in patients who are going into shock from loss of blood. Now a University of Maryland surgeon has reported that, quite by chance, he discovered a remarkable new use for the drug extracted from a slime: to reduce abnormally high...
...John Connor, the Commerce Secretary, left the presidency of Merck & Co. to find himself suddenly doctoring the nation's money ailments. He uses his chummy ties with the nation's top businessmen to persuade them to restrict foreign investing, last week received the first reports from 623 corporate chiefs on what they are doing to retrench. White House aides grumble that he has stolen too much of the spotlight in the payments-balancing act, and that he too vigorously defends the business establishment. Unlike the last several Commerce Secretaries, Connor has become a major adviser to the President...