Word: upjohn
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Dates: during 1950-1959
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...Keef's chart -and the Keef himself-were all wrong. Prednisolone, said Brown, is a Schering improvement on Merck & Co.'s basic cortisone, is marketed by Schering under the trade name Meticortelone. Schering cross-licensed other companies to make it and bought a lot of it from Upjohn Co., at $1.19 per hundred tablets. But this price, argued Brown, did not take into account the costs for research, administration, taxes, selling and distribution. By Schering's figuring, said Brown, the 100 tablets cost $12.30. It offered the tablets to druggists at $17.90 with a suggested consumer...
...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...
...share for the nation's biggest electrical-equipment firm. Giant International Business Machines had a nine-month profit of $102 million, up 10%. Drugs, retailing and food companies all were up, with cheery reports from R. H. Macy & Co., Upjohn Co., Kroger Co. Ford Motor was doing so well that it declared a 60? extra dividend, the first since public sale of its stock...
When a privately held company with only a small issue of stocks offers its shares to the public for the first time, it usually has to split to sell in a popular price range. The stock of Upjohn Co., valued at $1,125 a share, was split 25 for i before public sale so that the price to the public was $45 a share. Similarly, when the Great Atlantic & Pacific Tea Co. wanted to sell a large block this spring, it first split the old shares, selling at around $500, so that the price to the public...
...HEIRS will sell a block of 1,800,000 shares, 8% of the grocery chain's outstanding stock, and valued at about $81 million, in the third largest secondary offering in history (first: Ford, $657.9 million; second, Upjohn Co., $108.4 million...