Margareta Pagano

‘Greedy? Short-termist? No, quite the opposite’

Margareta Pagano meets Sir Bill Castell, chairman of Wellcome, the medical charity and private-equity investor.

issue 15 September 2007

In the 1880s two young American salesmen-cum-pharmacists, Silas Mainville Burroughs and Henry Wellcome, invented the ‘tabloid’. It was not a cut-down newspaper but a form of compressed pill — the name was an elision of ‘tablet’ and ‘alkaloid’ — which they imported to Britain. Helped by its sales, their company Burroughs Wellcome achieved huge success: insulin was another of their inventions, while Henry Wellcome created the first proper medical bags, giving them to Stanley for his trips to Africa and Scott for his walk to the Pole.

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