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...moderate example of these price inequities. Medicate. a brand name adrenal steroid, sells for $170.00 per 1000, yet a generic equivalent can be bought from any of 12 reliable companies for less than $12.00. One of them sells it for $7.95. Peptids are potassium penicillin G tablets sold by Squibb for $6.72 per 100. but 17 firms sell pen G for $2.00 or less. And that is one generic equivalent that most druggists stock. Colace, an anti-constipation drug made by Mead Johnson, sells for $45.79 per 1000. But eight firms sell the generic, dioctyl sodium sulfosuccinate...

Author: By James K. Glassman, | Title: Harvard Doctor Exposes Drug Pricing Hoax | 5/10/1967 | See Source »

...among chemical companies, had a record 36% rise in earnings for the quarter to $16,600,000. Sales, said President Gordon Grand, were $284 million, or 11% higher than last year, because of "strong contributions from agricultural chemicals, copper-base alloys, Winchester-Western, Olinkraft forest products and from our Squibb division...

Author: /time Magazine | Title: Profits: Two-Tone | 5/5/1967 | See Source »

...them, Olin is the U.S.'s fourth largest aluminum producer (it was the first to raise aluminum prices, last to back down), its sixth largest chemical company and its leading manufacturer of cigarette paper. Though the company is principally a supplier to other industries, its other two divisions-Squibb drugs and Winchester-Western sporting guns-produced a third of its sales last year. All of the divisions are busy on several continents. Olin has just opened a caustic soda plant in Georgia and a sporting ammunition plant in Italy, is building a biological research laboratory in New Jersey...

Author: /time Magazine | Title: Corporations: Tidying Up the House | 11/26/1965 | See Source »

...housewife can also get small appliances to buff floors, mash potatoes, peel carrots, and warm her towels. The greatest successes have been the electric toothbrushes and slicing knives. Like many other of the new appliances, the toothbrush was first dismissed as a gimmick when Olin Mathieson's Squibb Division introduced it in 1960. It has become such a big seller-sales this year will reach 5,000,000-that 34 other companies have rushed to turn it out. When General Electric introduced its slicing knife nearly three years ago, retailers scoffed; today 32 companies market 103 models...

Author: /time Magazine | Title: Industry: The New Necessities | 8/20/1965 | See Source »

...drew young buyers into showrooms by passing out 100,000 paperback copies of How to Prepare for College. United Airlines uses paperback travel guides to whet tourist interest in the cities it serves. Colgate-Palmolive is giving out sports books as premiums in its shaving-cream kits, and Squibb is pushing its new artificial sweetener, Sweeta, by giving away a sugar-free cookbook with each bottle. The biggest book users are insurance companies and banks, which pass out Merriam-Webster's pocket dictionary, home medical guides and dozens of others to push salesmen into living rooms or to locate...

Author: /time Magazine | Title: Publishing: Selling by the Book | 6/18/1965 | See Source »

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