Word: syntex
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Dates: during 1980-1989
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Beginning in 1984, the FDA permitted the Syntex pharmaceutical firm to give doctors free ganciclovir, a drug used to treat eye infections that frequently blind AIDS patients, under a special program that allows "compassionate use" of unproven drugs. Doctors who have dispensed the drug are convinced that it works, but all the conventional controlled studies have not been done. Nonetheless, the FDA last week approved ganciclovir for full marketing and sales. The agency also gave the go-ahead for wider distribution of another unproven drug, erythropoietin, which is used in cases of AIDS-associated anemia...
Manufactured by Eli Lilly, Syntex and other U.S. pharmaceutical firms and approved by the Food and Drug Administration for controlled use, the hormone pellets are implanted in the animal under the skin behind the ears. The small time-release capsules slowly dole out the hormones over several weeks during key growth stages. By eliminating as many as 21 days of feeding time before the animals reach the target weight of about 1,000 lbs., the hormone treatments (cost per implant: about $1) save the cattlemen approximately $20 per head, which can be the difference between profit and loss. Producers maintain...
After researchers at the Syntex Corp. produced the first oral contraceptive in 1951, the small pharmaceuticals maker grew within a few years into a large conglomerate (fiscal year 1982 revenues: $813 million). A host of other companies has made fortunes supplying what is now a huge U.S. contraceptives market. A small firm in California called V.L.I. hopes to join their ranks with a new kind of contraceptive that is likely to be approved by the Food and Drug Administration within a month...
...that will help profits. Next they moved to housing-related stocks that would benefit if the lower interest rates encourage a pickup in homebuilding. Their favorites: Weyerhaeuser and Georgia-Pacific. Anticipating that consumer spending would increase, Rolland bought Sears, Roebuck and Co., MCA, Procter & Gamble and two drug companies, Syntex and American Home Products. Smaller, profitable airlines, which would benefit as travel increased in a healthier economy, also looked good, so Chemical bought US Air and PSA. One industry group that he totally avoided was energy stocks. Says Rolland: "I'm still not sure about the future price...
...those problems: distributing drugs to patients who may live far from medical centers; keeping vaccines refrigerated in jungle outposts; teaching uneducated patients how to take medicines. Dow, Parke-Davis and Hoechst maintain they have uniform policies on drug information worldwide. Any abuses, they say, originate within the importing countries. Syntex and Squibb note that warnings for their products have been omitted by local drug manuals. "We are not responsible for what the guides will print," said a Squibb spokesman, "but we make all the information available...