🠈 Pfizer 🠊
Pfizer is a pharmaceutical conglomerate based in New York that trades on the NYSE with the symbol: PFE. The company has several hundred subsidiaries.
The company began to aggressively acquire companies in 2000. They had a market capitalization of $200 billion when I visited their site in October 2020.
- 1849: German-American Charles Pfizer and Charles F. Erhart founded the chemical firm Charles Pfizer and Company in Brooklyn, NY with a $2,500 loan. Their primary product was an antiparasitic called santonin.
- 1919: Pfizer developed processes for fermenting citric acid in WWI.
- 194?: Pfizer developed process for mass production of penicillin in WWII.
- 1950: Pfizer created the antibiotic Terramycin and changed its focus from chemical production to research. Drugs developed by the firm include Zoloft, Lipitor, Norvasc, Zithromax, Aricept, Diflucan, and Viagra.
- 2000: Pfizer acquired Warner–Lambert for $111.8 billion.
- 2003: Pfizer acquired Pharmacia.
- 2003: Pfizer acquired Esperion Therapeutics for $1.3 billion.
- 2004: Pfizer acquired Meridica for $125 million.
- 2005: Pfizer acquired Vicuron Pharmaceuticals for $1.9 billion.
- 2005: Pfizer acquired Idun for about $300 million.
- 2005: Pfizer acquired Angiosyn for $527 million.
- 2006: Johnson & Johnson acquired Pfizer's Consumer Healthcare unit for $16.6 billion.
- 2008: Pfizer sold Experion.
- 2009: Pfizer acquired Wyeth.
Wyeth was founded as American Home Products. The company changed its name to "Wyeth" in 2002. The name change complicates efforts to research the company's history. I used Fundinging Universe, Encyclopedia.com and Wikipedia to create the base for this section.2,3,4.
- 1926: Investors created American Home Products to consolidate the product lines of Sterling Products Inc. and Household Products Inc.. The brands included .
- Hill's Cascara Quinine,
- St. Jacob's Oil,
- Wyeth's Sage and Sulphur,
- Kolynos dental cream,
- and Old English No Rubbing Floor Polish.
- 1927: Boyle-Midway received trademark for Fly Ded.
- 1929: Boyle-Midway patented Ridz.
- 1930: AHP acquired Anacin.
- 1932: AHP acquired Wyeth Chemical Company from Harvard University
History of Wyeth
- 1860: John and Frank Wyeth created the firm John Wyeth and Brother which had a drugstore and research lab.
- 1864: Wyeth provided beef extract to the Union Army during the Civil War.
- 1872: Henry Bowers, employed by Wyeth, developed a rotary compressed tablet machine to mass produce medicine.
- 1907: Stuart became CEO after his father's passing. The company moved its headquarters to Manhattan, NY.
- 1929: Stuart deeded controlling interest of Wyeth to Harvard on his passing.
- 1932: AHP bought a brand of sunburn cream that it turned into Preparation H.
- 1938: AHP acquired Eff Laboratories which made vitamin products.4
- 1938: AHP acquired S.M.A. Corporation which made vitamins and infant products.4
- 1938: Boyle-Midway patented Aerowax.
- 1939: AHP acquired Black Flag Company which makes insectices.4
- 1943: AHP acquired G. Washington Coffee Refining Company
- 1909: George Constant Louis began selling an instant coffee product.
- 1943, AHP merged with Ayerst, McKenna and Harrison, Ltd. of Canada which makes a conjugated estrogen medicine called Premarin.
- 1945: AHP acquired the Fort Dodge Serum Company which created products for animal health.
- 1946: AHP acquired Chef-Boy-Ar-Dee Quality Foods Inc. which makes a canned spaghetti product.
History of Chef Boy-Ar-Di
- 1924: Hector Boiardi opened a restaurant called Il Giardino d'Italia in Cleveland, Oh. Custumoers requested the sauce which he sold in milk jars.
- 1924: Boiardi opened a factory in Milton, Pa. He spelled the brand "Boy-Ar-Di" so that people would pronounce the name correctly.
- The company ran 24 hours a day to make rations during WWII.
- 1946: Boy-Ar-Di sold the firm to avoid laying off workers after the war.
- 1947: Boyle-Midway filed trademarks for Plastic Wood and Allwhite
- 1958: AHP acquired Hannibal Pharmaceuticals which owned a brand of hair removal products called "Neet" in American and "Veet" in Europe
- 1919: Hannibal received a Canadian patent for Neet.
- 1951: AHP launched Antabuse to treat alcholism.
- 1951: Woolite introduced.
- 1951: AHP launched the antihistamine Phenergan.
- 1953: AHP launched the high blood pressure medicine Ansolyen.
- 1954: AHP launched the anticonvulsant Mysoline.
- 1966: Boyle-Midland filed trademark for Red Devil drain cleaning product and Easy-Off fabric cleaning.
- 1966: AHP acquired Brach's which made candy
- 1904: Emil J. Brach opened his candy store on the corner of North Avenue and Towne Street in Chicago, Il.
- 1980: Betram Johnson acquired Brach's for $730 million.
- 1967: AHP developed a delivery system for the World Health Organization to help irradicate polio.
- 1967: FTC ordered AHP to stop making false advertising claims.
- 1971: AHP acquired Gibraltar Industries which made PAM cooking spray
- 1961: Leon Rubin and Arthur Meyerhoff created company to sell a spray cooking oil with the acronym PAM for "Product of Arthur Meyerhoff"
- 1973: AHP acquired Slaymaker Locks.
Slaymaker was a brand of locks. The brand diminished under control of AHP.4
- 1888: Samuel R. Slaymaker and John F. Barry founded Slaymaker, Barry and Company in Connellsville, Pennsylvania.
- 1889: Their factory burned down.
- 1899: Slaymaker began manufacturing steam powered automobiles.
- 1900: The company spun off its automotive division as Baldwin Automobile Manufacturing Company which failed in 1901.
- 1904: Slaymaker bought the T. Slaight lock company.
- 1907: Slaymker reorganized as Slaymaker Lock Manufacturing Co..
- 1917: Slaymaker acquired Dayton Manufacturing.
- 1921: W.E Fraim acquired majority share in the company and it as Fraim-Slaymaker Hardware Co..
- 1930: S.R. Slaymaker regained control and rebranded company as Slaymaker Lock Co..
- 1973: AHP acquired Slaymaker. It became part of the Ekco Housewares.
- 1986: AHP closed its lock manufacturing plant.
- 1978: Federal judge ordered AHP to terminate false advertising.
- 1981: FTC ordered AHP to cease making misleading advertising claims.
- 1983: AHP acquired Sherwood Medical Group for $425m. They made medical devices.
- 198?: AHP acquired animal health divison of Bristol-Myers and Parke-Davis.2
- 1983: AHP launched a non-prescription strength ibuprofen called Advil.
- 1986-1989: AHP bought assets of A.H. Robins brands included Chapstick, Reglan, Robitussin, ChapStick, and Dimetapp
History of A.H. Robins
A.H. Robins was a conglomerate that owned pharmaceutical and consumer brands. They bought Dalkon Shield and fell into bankruptcy due to lawsuits resulting from the product.
- 1866: Albert Hartley Robins opened A. H. Robins Apothecary in Richmond, Va.
- 1929: The family closed the apothecary due to Albert's failing health.
- 1933: Edwin Claiborne Robins, Sr. (1910–1995) took over the family firm and expanded it as A.H. Robins Company.
- 1949: Robins introduced Robitussin (an antitussive-expectorant) Pabalate (an antirheumatic) and Entozyme a digestant.
- 1953: Robins opened its first manufacturing plant.
- 1963: Robins acquired ChapStick:
- 188?: Charles Browne Fleet (a physician in Lynchburg, Va) invented a lip balm.
- 1912: John Morton bought the rights to produce ChapStick for $5.00
- 1959: A.H. Robins received a trademark for Dimetapp.8
- 1963: A.H. Robins bought the brand and added flavors and made a ChapStick sun lotion.
- 1985: ChapStick started selling petroleum jelly.
- 2011: Fareva Richmond acquired ChapStick from Pfizer
- 1970: Robins acquired the rights to Dalkon Shield from Hugh J. Davis, M.D..
- 1972: Robins had a heart attack and family started withdrawing interest in firm.
- 1974: FDA recommended that Robins remove Dalkon Shield from market.
- 197?: Claimants filed over 300,000 lawsuits agains A.H. Robins.
- 1989: Boyle-Midland receive trademark for Black Flag Roach Hotel.7
- 1990: Reckitt & Colman acquired the Boyle-Midway division of AHP which included Wizard air freshener, Easy-Off oven spray, and Woolite.
- 1992: AHP bought a majority stake in Genetics Institute.
- 1993: AHP acquired M. Polaner which makes jam from the Dutch conglomerate Artal Group.
- 1994: AHP acquired American Cyanamid
- 1995: AHP acquired the animal health division of Solvay.
- 1995: AHP sold its oral-care product line.
- 1996: AHP spun off its food division as International Home Foods. Division included Chef Boy-Ar-Dee, PAM,
- 2000: Conagra acquired International Home Foods for $2.9 billion.
- 1996: AHP completed purchase of Genetics Institute.
- 1997: AHP lost $16 billion in lawsuits and withdrew its diet drugs Pondimin and Redux (Fenfluramine plus phentermine creates an addictive substance known as Fen-phen)
- 1997: AHP sold its ophthalmic business.
- 1997: Tyco-Kendal acquired AHP's medical device division.
- 1998: SmithKline Beecham and AHP explored a $70 billion merger.
- 2000: AHP sold its agricultural chemicals business.
- 2000: AHP lost a $65 billion bid for Warner-Lambert to Pfizer.
- 2001: AHP traded its interests in Immunex for interest in the biotech firm Amgen.
- 2002: AHP changed its name to Wyeth.
- 2005: Wyeth filed a "citizens' complaint" against compound pharmcies that offered "Bioidentical hormone replacement therapy" which competed against some of its drugs.
- 2010: Pfizer acquired King Pharmaceuticals for $3.6 billion.
- 2012: Pfizer sold its baby food division to Nestle for $11.85 billion.
- 2013: Pfizer sold 86.1 million shares of Zoetis (NYSE: ZTS) for US$2.2 billion.
- 2014: Pfizer acquired Innopharma for $225 million.
- 2014: Pfizer attempted to acquired AstraZeneca for $118 billion. The deal fell apart over legal issues.
- 2015: Pfizer acquired controlling interest in Redvax .
- 2015: Pfizer acquired Hospira for $15.2 billion.
- 2015-16: Pfizer attempted a reverse merger with Allergan, Plc that would relocated Pfizer in Ireland and reduce taxes. The merger was blocked by laws restricting reverse mergers.
- 2016: Pfizer acquired Anacor Pharmaceuticals for $5.2 billion.
- 2016: Pfizer won bid for BIND Therapeutics, which was in bankruptcy, for $40 million.
- 2016: Pfizer acquired Bamboo Therapeutics for $645 million.
- 2016: Pfizer acquired Medivation for $14 billion.
- 2016: Pfizer bought the antibiotic division of AstraZeneca for $1.5 billion.
History of American Home Products
AHP began as a holding company for popular consumer brands and pharmaceuticals. It acquired Wyeth and later changed its name to Wyeth. I could not find information on the formation of Boyle-Midway. Justia lists patents from the firm.
- 1916: William Milton Knight developed Anacin.
- Wikipedia - Pfizer (Drawn 7/9/2019)
- Funding Universe - American Home Products (Drawn 10/5/2020)
- Wikipedia - Wyeth (Drawn 10/5/2020)
- Encyclopedia.com - AHP (Drawn 10/5/2020)
- Wikipedia - Slaymaker Lock Company (Drawn 10/6/2020)
- Wikipedia - Brach's (Drawn 10/6/2020)
- Wikitree - Robins (Drawn 10/6/2020)
- Justia - Boyle Midway trademarks (Drawn 10/6/2020)
- Justia Trademark - Dimetapp (Drawn 10/6/2020)
Prev ~ ~ Index ~ ~ Next