One of the biggest prizes seized by the Office of Alien Property during the war was the German-owned Schering Corp. of New Jersey. Under Francis Cabell Brown, Government-appointed president and former corporation lawyer, chemical and drug sales steadily climbed from $2.8 million in 1942 to last year's $15.4 million. Earnings per share rose from 43ยข to $3.12. Schering was the second company to put cortisone on the market, has marketed new sulfa and penicillin products, holds a prominent place in the antihistamine field, has introduced several important new drugs, including "Dormison" (for...
ALIEN PROPERTY: Uncle Sam Sells
Subscriber content preview.
or
Log-In
To continue reading:
or
Log-In