How G.D. Searle Got Off Its Sickbed

New managers and products gave the drugmaker new life

For almost a decade, G.D. Searle & Co. was Monsanto Co.'s unloved stepchild. Acquired by the St. Louis chemical maker in 1985, Searle floundered--so much so that when Robert B. Shapiro took over as Monsanto's CEO in April, 1995, he faced sharp pressure from investors to dump the subsidiary. But with few buyers in sight, Shapiro had little choice but to hang on to the troubled drugmaker.

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