Word: merck
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...those of other diuretics, so that in critical cases doctors can give two medicines together for double the effect or more. Ethacrynic acid also seems to work in patients suffering from some degree of kidney failure. When the Food and Drug Administration approves the drug for general prescription use, Merck Sharp & Dohme expects to market it under the name Edecrin...
...billion last year, to a $500 million increase this year. Commerce Secretary Connor will ask hundreds of key companies to set goals for cutting their foreign spending, then will review their budgets every three months. Ironically, Connor is well suited for the job: when he was president of Merck & Co., he vastly expanded its drug empire overseas...
Connor has never been modest about his talents or about his ambitions. In 1955, when Bush was scouting for a new company president, he asked 30 top Merck executives whom they would like to see in the job. Most picked Connor, and when Connor himself was asked, he said: "I should be the new president." Connor was only...
...boosted Merck's research spending to new highs, at the same time in his nine years as president managed to almost triple company profits, from $13 million to $36 million. His salary at Merck is $129,800 a year. He holds 21,000 shares of Merck stock (now $45.50 a share), not counting options, and as of last week he had not decided whether he would keep it (and thereby risk conflict-of-interest criticism), put it in trust or sell it, assuming the Senate confirms his appointment next month...
...Henry White Gadsden, 53, will take over as president and chief executive officer of Merck & Co., the big (1963 sales: $264 million) New Jersey pharmaceutical and chemical firm, when his boss, John T. Connor, leaves the post next month to become Lyndon Johnson's Secretary of Commerce (see THE NATION). New York City-born, Yale-educated ('33) Gadsden was a vice president of Sharp & Dohme when it merged with Merck in 1953. As Merck's executive vice president since 1955, with a salary of $124,600 a year, the soft-spoken Gadsden has impressed colleagues with...