Old idea, new contraceptive
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.
Invented by Bruce Vorhauer, 41, a biomedical...
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