Word: productively
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Dates: during 1970-1979
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Smith sold his patent rights to Baxter Travenol Laboratories of Deerfield, Ill., which extracted from papain another enzyme, chymopapain, that was more potent and less toxic. Baxter Travenol trade-named its product Disease and obtained U.S. Food and Drug Administration approval in 1963 for its use as an investigational new drug for humans. In twelve years doctors treated some 15,000 patients, and reported that symptoms were relieved in most cases. Meanwhile, Baxter Travenol had applied to the FDA for approval of Disease as a prescription item for any licensed physician...
...industrial melodrama, a product not known to sell many tickets, the thing starts out simply enough: Loren Hardeman Sr., 86, founder of the Bethlehem Motor Co. back in the heroic days of car manufacturing, is tired of vegetating down in Florida. He wants to make his comeback by manufacturing "the Betsy," a sort of Model T cum Volkswagen for the '70s, ecologically sound, energy conserving, sensible. He hires a stud race-car driver, one Angelo Perino (Tommy Lee Jones), to honcho the project back at the factory, sneaking it by Loren Hardeman III, the old man's grandson...
Equally ominous, spending on research and development has fallen from 2% of gross national product in the mid-1960s to 1.5% today, partly because research projects often will not yield a return until well into what businessmen see as an uncertain future. Both the rise in hurdle rates and the decline in R. and D. indicate that the hired managers who run corporations today are more fearful of taking risks than the venturesome owner-managers...
...bottom of the line, many brands are similar in quality; yet a special mystique makes it In to buy and use a certain one. Nowadays, from Mt. Fuji to Mt. Blanc-with many mts. in Colorado and Vermont in between-the fashionable ski is "Rossi," fond nickname for the product of Skis Rossignol, a company with headquarters in the French alpine town of Voiron. Rossignol, counting its Dynastar subsidiary, sells more than 16% of the world's skis-1.5 million of the 9 million pairs marketed last year. Before Rossignol's ascendancy, Japan held one-quarter...
...Allais, a former world downhill and slalom champion, of a nearly bankrupt firm, Societe Rossignol, that produced wooden spools for the textile trade and wooden skis on the side. Boix-Vives borrowed $50,000, bought the firm and laid off everyone but 27 ski makers, creating a lean, one-product shop. Allais soon devised a metal ski that helped France's Jean Vuarnet win a gold medal in the 1960 Olympics at Squaw Valley, and Rossignol's reputation was made. Metal skis soared in popularity, but the firm was equipped to turn out only 7,500 pairs...