Word: scheringer
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¶ Two artificial steroid hormones, made by Schering Corp., show great promise against rheumatoid arthritis. Named metacortandralone and metacortandracin, they are two to four times as powerful as cortisone and hydrocortisone and seem to produce fewer undesirable side effects. They may be generally available next summer.
¶ In London, the pharmaceutical house, British Schering, Ltd., announced a new drug for taking the terror out of visits to the dentist. Sedative capsules of Oblivon, a trade name for methylpentynol, taken beforehand, "removed apprehension" but not the pain in 189 out of 200 test patients. British Schering is...
¶ Thanks to a fermentation process in which mold-microbes (captured on a windowsill in Kalamazoo) perform a dozen complicated chemical processes, the Upjohn Co. has boosted production of cortisone and cut its price by 20%. Neck & neck in the same race, Schering Corp. can now get enough cortisone to...
Two months ago, prodded by Congress, GAP put Schering up for sale. Last week it was sold to the highest bidder, brokerage firms Merrill Lynch, Pierce, Fenner & Beane, Kidder, Peabody & Co., and Drexel & Co., who had joined with more than 70 other investment houses to make the bid. Price: $29...
The price seemed high, especially as Schering no longer holds any exclusive patents, chief protection for the income of a drug company. Two months ago, on the same day the Government announced Schering's sale, it released the 215 formulas held by Schering prior to 1942 to any U.S...