Word: dr
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Dates: during 1950-1959
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...Anglican Slater, 63, a graduate of Cambridge University, who has spent 17 years in the Far East and is canon of Christ Church Cathedral in Montreal, the center is an old dream come true. In his book on the Burma Road, Guns Through Arcady (1941), Dr. Slater wrote hopefully of ". . . men who will join hands not because they hold their own faiths lightly, but because they hold them deeply, each loyal to his own tradition but anxious to understand others." The Harvard center will be housed in a two-story building with apartments for eleven married students and visiting scholars...
Piel was right, but his theory was four years in the proof. To stay abreast of fast-breaking scientific research, he commissioned authoritative reports from men at the frontiers of discovery: Physicist I. I. Rabi, Geneticist George W. Beadle, the late Dr. Albert Einstein and 15 other Nobel prizewinners. The magazine was redesigned to offer a rich reading diet of articles on all the leading science disciplines: the physical, social, technical, medical and life sciences. Scientific American blossomed with graphic color so compelling that a portfolio of illustrations has sold more than 7,000 copies...
...Merck cut the price from $200 to $20 a gram before it had a competitor, then licensed so many other manufacturers that last year it had but 17% of the cortisone group market. Not for seven years did Merck recover its $21.8 million investment. Present to support Connor was Dr. E. C. Kendall, formerly at the Mayo Foundation, now at Princeton, one of three researchers who won Nobel Prizes for cortisone. Said Scientist Kendall: "Cortisone could still be just a laboratory curiosity if those who directed Merck & Co. had not had the foresight and courage to persist in trying...
...high cost of medicines is the growing army of salesmen. The major drug firms employ an estimated 20,000, or one for every ten physicians, and they make 18 million calls a year to get doctors to prescribe and druggists to stock their products. Is this necessary? No, said Dr. Louis Lasagna, head of clinical pharmacology at Johns Hopkins. Too many new drugs, he said, often are "not as good as what they replace...
Upjohn's Dr. E. Gifford Upjohn conceded that the race of drug companies to keep up causes his firm, in line with others, to spend 28.6% of its budget on 1,000 salesmen (out of 5,700 employees), plus other promotional activity. Research costs: 9%. Despite the high overhead, the companies are immensely profitable. The Kefauver subcommittee presented tables showing that the drug companies averaged profits of 21.4% of their net worth, compared with 11% for all U.S. industry. Part of the answer, said the subcommittee, was the pricing policy...