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• COMPIINY UPDATE : INVESTMENT RESEARCH SCHERING-PLOUGH - NEW YORK ANALYSTS' MEETING, DECEMBER 7, 1977 management of Schering-Plough Corporation today. Representing management (N.Y.S.E. Symbol - SGP - 30) The two New York City health care splinter groups hosted a meeting for the Ralph W. Golby, Vice President-Investor Relations. 2•Sr. Bennett made brief John B. Cave, Senior Vice President-Finance and-Administration, and Mr. were Mr. Richard J. Bennett, President and Chief_Operating Officer, Z•]r. comments regarding Proventyl,.sisomicin and Gara.*nycin. A sumrnary of his m r k l b e ar s appears ow: e . work for the development of new products. We are attempting to learn more possibilities, in that the company can also do additional strain mutation of hope is being placed in this project. The "black box" has far reaching of $6-8 million. Our sources inside the company tell us that a great deal box" for improving yields that has been created in Kenilworth at an expense company expects to do this work in-house. Mr.. Bennett discussed a "black that the relationship with Cetus Corporation has now been severed, and the million annually.with Cetus Corporation on this project. We'understand to achieve yield improvements. Fie believe that Schering invested $1-2 working with Cetus Corporation, a California-based operation, in an attempt would cover near term future needs in Europe. Schering-Plough has been resulted from a decision that yield improvements in existing facilities capacity. For example, the elimination of the proposed plant in Ireland 11. Fermentation yield improvements were characterized as "dramatic" in recent years, reducing the company's need for additional manufacturing about this project. C~~ . . 1 . . . . - . . . . . .. . - :: .. -. . . . . ... , - . .. .. . ~.:.,.~;~, f.-~ 1p3~ain Easlcnan Diilon &CO. Yi=L~OI~fl~'aJ2t3/WortdHeadquarters:1221Arenueofthetimericas,NewYozk,N.Y.10020(212a 7305500 ,• i