Article: Searle learning to start all over

When Monsanto bought Skokie-based G.D. Searle & Co. last year, it took away Searle's hottest product, NutraSweet, made it into a separate subsidiary, and basically told Searle to "start over."

That amounted to no small challenge given that the artificial sweetner was the only product Searle had commercialized in the last 20 years.

Without NutraSweet revenue, Searle plunged to the status of the nation's 34th largest pharmaceutical company.

Add to that the departure of Donald Rumsfeld, Searle's well-known chairman credited with turning the floundering company around in the 1970s, and the stage was set for the March appearance of Searle's new chairman, Sheldon G. Gilgore, former ...

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