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Wyeth

Wyeth was a pharmaceutical company until it was purchased by Pfizer in 2009. The company was founded in Philadelphia, Pennsylvania, in 1860 as John Wyeth and Brother. Its headquarters moved to Collegeville, Pennsylvania, and Madison, New Jersey, before its headquarters were consolidated with Pfizer's in New York City after the 2009 merger.

Wyeth
Company typePublic
NYSE: AHP (until 2002)
NYSE: WYE (2002–2009)
IndustryPharmaceuticals,
Healthcare
Founded(1860) Philadelphia, Pennsylvania, U.S.
FateAcquired by Pfizer
Number of locations
Collegeville, Pennsylvania and Madison, New Jersey United States
Key people
Bernard J. Poussot, CEO, President and Vice Chairman of Wyeth
Robert Essner, Chairman
Joseph Mahady, President, Global Business, Wyeth Pharmaceuticals
John Wyeth, Founder
ProductsPremarin,
Effexor,
Enbrel,
(See more products.)
Revenue US$ 22.4 billion (2008)
US$ 4.6 billion (2008)
Number of employees
49,732 (2005)
ParentPfizer
Website(now part of Pfizer) was www.wyeth.com

Wyeth manufactured over-the-counter (OTC) drugs Robitussin and the analgesic Advil (ibuprofen) as well as prescription drugs Premarin and Effexor.

History edit

1860–1899 edit

In 1860, pharmacists John (1834–1907) and Frank Wyeth opened a drugstore with a small research lab on Walnut Street in Philadelphia. In 1862, on the suggestion of doctors, they began to manufacture large quantities of commonly ordered medicines. They were successful, and in 1864 they began supplying medicines and beef extract to the Union army during the Civil War.[citation needed]

In 1872, Henry Bower, an employee of Wyeth, developed one of the first rotary compressed tablet machines in the United States. This enabled the mass production of medicines with unprecedented precision and speed. It was successful, and the Wyeth brothers won multiple awards at the Centennial Exhibition. In 1883, Wyeth opened its first international facility in Montreal, Canada, and began vaccine production. Six years later a fire destroyed the brothers' original Walnut Street store, and they sold the retail business and focused on mass production.[citation needed]

1900–1929 edit

John Wyeth died in 1907 and his only son, Stuart, became the company's president. The Whitehall building in downtown Manhattan became the corporation's first headquarters. Global sales increased due to the sales of Wyeth's Kolynos brand of toothpaste. In 1929, Stuart Wyeth died and left controlling interest to Harvard University.[citation needed]

1930–1949 edit

In 1930, Wyeth purchased Anacin, a product for tension headaches which quickly became the company's flagship product. One year later, Harvard sold Wyeth to American Home Products for US$2.9 million.[citation needed]

In 1935, Alvin G. Brush, a Certified Public Accountant, became CEO of the organization and served for 30 years. Under Brush's leadership, 34 new companies were acquired in 15 years, including Chef Boyardee and the S.M.A. Corporation, a pharmaceutical firm specializing in infant formulas. Wyeth also made its first licensing deal, acquiring an antibiotic for arthritis vaccine research.[citation needed]

In 1941, the US entered World War II, and Wyeth shipped typical wartime drugs such as sulfa bacteriostatics, blood plasma, typhus vaccine, quinine, and atabrine tablets. Wyeth was later rewarded for its contribution to the war effort. During this time, Wyeth launched its penicillin research facility with G. Raymond Rettew. In 1943, Wyeth purchased G. Washington Coffee Refining Company, an instant coffee company created by early 20th century Belgian inventor George Washington.

In 1943, Wyeth merged with Ayerst, McKenna and Harrison, Ltd. of Canada. With this merger came Premarin, the world's first conjugated estrogen medicine, which was a flagship product for Wyeth until 2002, when preliminary results from the Women's Health Initiative linked it to a number of negative effects, including increased risk for breast cancer. Sales subsequently fell off worldwide.

Wyeth was one of 22 companies selected by the government in 1944 to manufacture penicillin for the military, and later for the general public.

In 1945, Wyeth acquired the Fort Dodge Serum Company, entering the animal health field.[citation needed]

1950–1969 edit

In 1951, Wyeth launched Antabuse, a drug for the treatment of alcoholism, as well as the antihistamine Phenergan. Ansolyen was launched the next year as a high blood pressure medication. The anticonvulsant Mysoline was introduced in 1954. Other drugs introduced during this time include Isordil, a vasodilator for treatment of angina, Dryvax, a freeze-dried smallpox vaccine, and Ovral, a combined oral contraceptive pill. Pharmaceuticals were generating an ever-increasing percentage of Wyeth's sales.

Wyeth became a leading US vaccine producer after supplying polio vaccine for Salk trials. The corporate headquarters were moved to Radnor, Pennsylvania, where they remained until 2003. William F. Laporte became the Chairman and President of AHP in 1965, and served until 1981.[citation needed]

The World Health Organization initiated the Global Smallpox Eradication Program in 1967, and approached Wyeth to develop a better injection system for smallpox vaccines which could be used in the field. Wyeth waived patent royalties on its innovative bifurcated needle, aiding in the delivery of over 200 million smallpox vaccines per year.[citation needed]

1970–1989 edit

Wyeth's oral contraceptives became popular in the US. John W. Culligan, after becoming Chairman and CEO in 1981, spun off less profitable lines and focused resources on consumer and prescription drugs. Wyeth made history in 1984 with the introduction of Advil, the first nonprescription ibuprofen in America, as well as the most famous prescription-to-OTC switch in history.

John R. Stafford became CEO and Chairman in 1986. He completed the divestiture of non-core businesses such as household products, foods, candy (Brach's Candy), and medical devices (e.g., its Sherwood-Medical Company was sold to Tyco-Kendal in 1997). Wyeth and Ayerst merged to form Wyeth-Ayerst Laboratories, thus strengthening and consolidating Wyeth's pharmaceutical operations.

In the late 1980s, Wyeth acquired the animal health businesses of Bristol-Myers and Parke-Davis. Wyeth also acquired A.H. Robins, makers of Robitussin, ChapStick, Dimetapp, and the Dalkon Shield merging it into its Whitehall unit to establish its Whitehall-Robins Division.

1990–1999 edit

In 1990, Reckitt & Colman (now Reckitt Benckiser) acquires Boyle-Midway from American Home Products. After a dediction of the food business, the PAM trademark becomes part of American Home Foods.

Premarin becomes the #1 prescribed drug in the US in 1993. Effexor (venlafaxine HCl), the first serotonin-norepinephrine reuptake inhibitor (SNRI), is introduced for the treatment of clinical depression and is later indicated for generalized anxiety disorder and social anxiety disorder.

In 1993, Wyeth founded the Women's Health Research Institute, the only institute in the pharmaceutical industry entirely dedicated to research in women's health. The Institute conducts trials in menopausal issues, endometriosis, contraception, and more.

In 1994, Wyeth acquired American Cyanamid and its subsidiary Lederle Laboratories. This acquisition brought the Lederle Praxis vaccines, new research and development capacity, and Centrum, the leading US multivitamin. Wyeth's sales topped US$13 billion in 1995; two years later, Premarin became the company's first brand to reach US$1 billion in sales.

In 1995, Wyeth acquired the animal health division of Solvay, which was folded into Fort Dodge Animal Health. The acquisition gave Fort Dodge Animal Health strong market presence in Europe and Asia as well as expanding its product portfolio to include swine and poultry vaccines.

In 1996, American Home Products spun off its food unit as International Home Foods. International Home Foods was purchased by ConAgra Foods in 2000. Wyeth also purchases full ownership of Genetics Institute, Inc. after acquiring a majority interest in 1992.[1]

In 1997, the U.S. Food and Drug Administration (FDA) requested that Wyeth withdraw its controversial diet drug fenfluramine from the market by after several reports of deaths and other health problems associated with the drug combination known as fen-phen occurred.[2]

In 1998, American Home Products was left at the altar by British pharma powerhouse SmithKline Beecham, who pulled the plug on the estimated $70 billion merger. The deal was reportedly killed in response to British regulators who feared losing jobs to a proposed US headquarters location. (SmithKline Beecham merged with fellow Brit Glaxo Wellcome in 1999 to form the world's leading drug company.) This was the start of a three-year losing streak in the mergers and acquisitions game for AHP.

In 1999, another American Home Products merger fell through, this time a proposed $34 billion merger-of-equals with chemical and biotech manufacturer Monsanto Company. Though the companies issued a combined statement saying the breakup was mutual "because (the deal) was not in the best interests of shareholders," rumors circulated that AHP had canceled the deal due to issues in the soon-to-be-combined boardroom. (Monsanto announced in December 1999 that it would merge with Pharmacia & Upjohn instead; the new conglomerate eventually unloaded Monsanto again, before being bought themselves by Pfizer in 2003.)

2000–2009 edit

  • In 2000, American Home Products lost a US$65 billion friendly takeover bid for rival drug company Warner-Lambert. After the merger announcement, Pfizer offered a competing hostile bid, primarily to save its joint venture with Warner over Lipitor (at the time the #1 prescription drug in the world). At one point talks were under way in which Procter & Gamble would help by buying both companies in a wild three-way merger, a rumor which cost P&G a 10% drop in its stock price[citation needed]. Although both CEOs eventually toured the world to defend the deal to the company's shareholders, Pfizer won Warner-Lambert and formed the second largest drug company in the world, while AHP had to settle for a US$1.8 billion poison-pill payment. This was at the time the biggest poison-pill payment in US history.[3]

On January 23, 2009, The Wall Street Journal reported that Pfizer was in talks to buy Wyeth at a cost of US$68 billion.[4] On January 25, Pfizer agreed to the purchase, a deal financed with cash, shares and loans.[5] The deal was completed on October 15, 2009.[6] The purchase was approved by the SEC and went into effect later in 2009, although vestiges of Wyeth remained for another year or two while effects of the merger were ironed out.

  • Robert Essner, the company's former CEO, was appointed in 2001. On September 27, 2007, the Wyeth Board of Directors elected Bernard Poussot President and Chief Executive Officer effective on January 1, 2008.[7]
  • On March 11, 2002, American Home Products changed its name to Wyeth, having spun off unrelated businesses in order to focus on pharmaceuticals.[8]
  • As part of the Women's Health Initiative sponsored by the National Institutes of Health, a large-scale clinical trial for Hormone Replacement Therapy showed that long-term use of progestin and estrogen may increase the risk of strokes, heart attacks, blood clots, and breast cancer. Following these results, Wyeth experienced a significant decline in its sales of Premarin, Prempro (conjugated equine estrogens) and related hormones[citation needed], from over $2 billion in 2002 to just over $1 billion in 2006.[9] The results from the study were significant enough that Wyeth terminated the trials early due to a fear that their participants may be at risk.
  • Wyeth, as a corporation, filed a 'citizens complaint' with the United States FDA on October 16, 2005, requesting that the US FDA take action against pharmacies who compound, manufacture, or sell unlicensed Bioidentical hormone replacement therapy (BHRT) drugs to their patients. Specifically, Wyeth asserted that the BHRT drugs are not licensed by the FDA according to section 505 of the Food, Drug and Cosmetic Act, misbranded and adulterated per sections 501 and 502 of 21 U.S.C. (paragraphs 351, 352, and 355).[10] Drug manufacturers are required to demonstrate through clinical trials that marketed drugs are safe and efficacious, a process that BHRT drugs have not undergone. If honored, the request would require the same safety and efficacy data for those primarily engaged in alternative medicine.
  • The European Commissioner for Health and Consumer Protection blamed the presence of illegal steroids in the food supply on "fraudulent exchange and disposal of pharmaceutical waste". A Wyeth factory disposing of the byproducts from synthetic progesterone manufacture was the source of the contamination.[11]
  • In 2003 Wyeth reportedly contributed funds to a not-for-profit support group, The Meningitis Centre, which lobbied the Australian Government to introduce universal immunisation against pneumococcal disease.[12] Wyeth produced the only pneumococcal vaccine approved for young children in Australia.
  • During June 2009, an Arkansas federal judge granted public access to evidence that Wyeth Pharmaceuticals "ghostwrote" medical articles regarding its hormone therapy drug Prempro. Along with The New York Times, PLoS Medicine, represented by the law firm Public Justice, had sought to intervene in a court case of women bringing an action in relation to Prempro and other hormone therapy drugs, in order to unseal papers that allegedly showed that Wyeth failed to disclose its role in preparing medical journal articles promoting Prempro and in recruiting academic authors to put their names on the articles for publication—that is that they practised ghost writing.[13]
  • On October 15, 2009 Pfizer signed the final acquisition papers making Wyeth a wholly owned subsidiary of Pfizer, thus completing the US$68 billion dollar deal.[6]

2012–present edit

  • In 2012, Nestlé bought the infant nutrition division of Pfizer and renamed it as Wyeth Nutrition. The Wyeth brand is still owned by Pfizer.[citation needed]

Subsidiaries edit

Wyeth Consumer Healthcare edit

Wyeth Consumer Healthcare (formerly Whitehall-Robins Consumer Healthcare) operated throughout the world. The consumer healthcare division had sales of $2.5 billion in 2004 and was at the time the fifth largest over-the-counter health products company in the world.

Wyeth Pharmaceuticals edit

Wyeth Pharmaceuticals, formerly Wyeth-Ayerst Laboratories, is the original company founded by the Wyeth brothers, originally known as John Wyeth and Brother. They focused on the research, development, and marketing of prescription drugs. The pharmaceuticals division was further subdivided into five subdivisions: Wyeth Research, Prescription Products, Biotech, Vaccines, and Nutritionals.[14][15]

Fort Dodge Animal Health edit

Fort Dodge Animal Health was founded in 1912 by Daniel E. Baughman as "Fort Dodge Serum Company". The company was established in Fort Dodge, Iowa, to manufacture hog cholera serum. It became a division of American Home Products in 1945. It is a leading manufacturer of prescription and over-the-counter veterinary vaccines and pharmaceuticals. Its global headquarters are located in Overland Park, Kansas.[16][17]

Innovative Fort Dodge products include West Nile-Innovator, Duramune Adult, CYDECTIN Pour-on, the Pyramid vaccine line, Quest Gel, and EtoGesic Tablets.

Products edit

Wyeth Consumer Healthcare Products (now Pfizer Consumer Healthcare, and then GSK Consumer Healthcare, and now Haleon) edit

  • Advil[18]
  • Advil Allergy Sinus Caplets
  • Advil Allergy & Congestion Relief Tablets
  • Advil Caplets
  • Advil Cold & Sinus Caplets
  • Advil Cold & Sinus Liqui-Gels
  • Advil Congestion Relief
  • Advil Gelcaps
  • Advil Liqui-Gels
  • Advil PM Caplets
  • Advil PM Liqui-Gels
  • Advil Sodium Ibuprofen (Fast-Acting)
  • Alavert
  • Anadin
  • Anbesol
  • Caltrate
  • Centrum Advance
  • Centrum Silver/Select Advance
  • ChapStick
  • Clusivol OB
  • Clusivol Plus
  • Clusivol Power-C (defunct)
  • Children's Clusivol
  • Dimetapp
  • Dristan
  • Fibrosine
  • Incremin
  • Loviscol
  • Polymagma
  • Preparation H
  • Robitussin
  • Robikids
  • Robitol (now defunct)
  • Simeco
  • Stresstabs
  • Today condoms
  • Z-bec

Wyeth Pharmaceuticals Products edit

Fort Dodge Animal Health Products edit

  • Barricade[20]
  • Biodectin Sheep Vaccine and wormer (moxidectin)
  • Bursine-2/Bursine Plus/Bursine K Poultry Vaccines
  • Cefa-Lak/Cefa-Dri
  • CYDECTIN (moxidectin)
  • Dicural
  • Duramune Dog Vaccines
  • Duvaxyn Horse Vaccines
  • EtoGesic Tablets
  • Ewegaurd Sheep Vaccine and wormer (moxidectin)
  • Fel-O-Guard Cat Vaccines
  • Fel-O-Vax Cat Vaccines
  • Fluvac Innovator Horse Vaccine
  • GiardiaVax Dog Vaccine
  • Ketaset
  • LeptoVax Dog Vaccine
  • LymeVax Dog Vaccine
  • Nolvasan
  • PestVac Pig Vaccine
  • Pinnacle I.N. Horse Vaccine
  • Pneumobort Horse Vaccine
  • Polyflex
  • Poulvac Poultry Vaccines
  • Presponse Cattle Vaccines
  • ProHeart 6/ProHeart SR-12 (moxidectin) Heartworm preventative
  • ProMeris for dogs and cats
  • Provac Poultry Vaccines
  • PYRAMID Cattle Vaccines
  • Quest/Equest Gel (moxidectin)
  • Rabon Ear Tags for Cattle
  • Rabvac Rabies Vaccine for Dogs
  • Supona
  • Suvaxyn Pig Vaccines
  • Synanthic
  • SYNOVEX Implants
  • Telazol
  • ToDAY/ToMORROW
  • Torbugesic-SA
  • Triangle Cattle Vaccines
  • TriReo Poultry Vaccine
  • Vetdectin (moxidectin) (New Zealand)
  • Weanerguard Sheep Vaccine and wormer (moxidectin)
  • Websters Cattle, Sheep and Poultry Vaccines (Australia)
  • West Nile Innovater Horse Vaccine

Wyeth Nutrition Products edit

Prenatal

  • Bonina

First Age

  • S-26 Stage 1
  • S-26 Gold Stage 1
  • Bonna

Second Age

  • Bonamil
  • S-26 Stage 2
  • S-26 Gold Stage 2

Third Age (Stage 3)

  • Bonakid 1+
  • S-26 Promil Gold
  • S-26 Promil
  • Ascenda 1+

Fourth Age (Stage 4)

  • Bonakid Pre-School 3+
  • Promil
  • Promil Gold
  • Ascenda Kid 3+

Special Feeder

  • S-26 Gold Comfortis HW
  • S-26 Gold CS
  • S-26 HA Gold
  • S-26 LF Gold
  • Bonna Low Lactose

Controversies edit

Rapamune edit

A "whistleblower suit" was filed against Wyeth in 2005 alleging that the company illegally marketed their drug Rapamune. Wyeth is targeted in the suit for off-label marketing, targeting specific doctors and medical facilities to increased sales of Rapamune, trying to get current transplant patients to change from their current transplant drugs to Rapamune and for specifically targeting African-Americans. According to the whistleblowers, Wyeth also provided doctors and hospitals with kickbacks to prescribe the drug in the form of grants, donations and other money.[21][22] As of 2010 a US House of Representatives committee, led by Rep. Edolphus Towns was investigating Wyeth for these abuses.[23][24]

Prempro edit

Wyeth was sued for its marketing of Prempro, a hormone replacement therapy, which was implicated in the cancers of 14,000 patients. Wyeth was particularly criticised by observers for its use of 'ghostwriters' to put their names to research papers that Wyeth had paid a third party, DesignWrite, to prepare.[25]

Diet-Drug: Dexfenfluramine (Phentermine/Fenfluramine, aka,"Fen-Phen") edit

The drug combination fenfluramine/phentermine, usually called "fen-phen," was an anti-obesity treatment. Fenfluramine was marketed by Wyeth as Pondimin, but was shown to cause potentially fatal pulmonary hypertension and heart valve problems.

For more information refer to the article Fenfluramine/phentermine.

References edit

  1. ^ History of Wyeth at ´Fundinguniverse.com. Retrieved 25.10.2012.
  2. ^ Centers for Disease Control and Prevention (CDC) (1997-11-14). "Cardiac valvulopathy associated with exposure to fenfluramine or dexfenfluramine: U.S. Department of Health and Human Services interim public health recommendations, November 1997". Morbidity and Mortality Weekly Report. 46 (45): 1061–1066. PMID 9385873.
  3. ^ "Nun der zweitgrößte Pharmakonzern der Welt". Rheinische Post. 2000-02-07. Retrieved 2023-08-03.
  4. ^ "Pfizer in talks to acquire Wyeth in $60 billion deal: WSJ". MarketWatch. Retrieved 2012-08-11.
  5. ^ Pettypiece, Shannon (2009-01-26). "Pfizer's $68 Billion Wyeth Deal Eases Lipitor Loss". Bloomberg.com. Retrieved 2012-08-11.
  6. ^ a b . Archived from the original on May 24, 2013. Retrieved October 25, 2009.
  7. ^ http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=895899[dead link]
  8. ^ . Archived from the original on 2008-12-18. Retrieved 2007-12-18.
  9. ^ (PDF). Archived from the original (PDF) on 20 February 2009.
  10. ^ Botha, S (2005-10-06). "Submission of Citizen Petition on Behalf of Wyeth" (PDF). FDA. Retrieved 2010-01-27.
  11. ^ "Hormone food scandal rocks Europe". Newscientist.com. 2002-07-16. Retrieved 2012-08-11.
  12. ^ "Drug giant linked to immunisation campaign". Theage.com.au. 22 December 2003. Retrieved 2012-08-11.
  13. ^ . Archived from the original on 2009-08-14. Retrieved 2009-08-10.
  14. ^ Gina kolata (March 28, 2004). "Ideas & Trends: Of Mice and Men; Why Test Animals to Cure Human Depression?". The New York Times. Retrieved 2010-12-26. But Dr. Robert R. Ruffolo, president of research and development at Wyeth,...
  15. ^ Andrew pollack (June 14, 2010). "Awaiting the Genome Payoff". The New York Times. Retrieved 2010-12-26. "If on the first day we had discovered a new molecular target, it's still going to take 15 to 20 years to make the drug," said Robert R. Ruffolo Jr., who ran research and development at Wyeth until 2008.
  16. ^ "Pfizer Animal Health Information - Cows, Cattle, Pig, Cat, Dog & Horse". Pfizerah.com. Retrieved 2012-08-11.
  17. ^ "Press Releases | Pfizer: the world's largest research-based pharmaceutical company". Pfizer. Retrieved 2012-08-11.
  18. ^ . Wyeth.com. Archived from the original on 2010-02-24. Retrieved 2012-08-11.
  19. ^ . Wyeth.com. Archived from the original on 2010-03-15. Retrieved 2012-08-11.
  20. ^ . Wyeth.com. Archived from the original on 2010-06-16. Retrieved 2012-08-11.
  21. ^ . Pharmalot.com. 2010-05-24. Archived from the original on 2010-05-28. Retrieved 2012-08-11.
  22. ^ Tracy Staton (2010-06-14). "Congress joins probe into Wyeth's Rapamune marketing". FiercePharma. Retrieved 2012-08-11.
  23. ^ Richwine, Lisa (June 11, 2010). "UPDATE 1-U.S. panel probes marketing of Wyeth transplant drug". Reuters.
  24. ^ . Archived from the original on 2010-06-15. Retrieved 2010-06-14.
  25. ^ Medical ghostwriters who build a brand | Comment is free | The Guardian, The Guardian

External links edit

  • Wyeth.com 2007-04-08 at the Wayback Machine
  • Wyeth HCP Portal
  • Fort Dodge Animal Health
  • Fort Dodge Australia
  • Fort Dodge Brazil
  • Fort Dodge Europe
  • Fort Dodge Mexico
  • Wyeth Animal Health Canada
  • Wyeth/AHP history from the Harvard Business School
  • Tygacil - tigecycline IV
  • Zosyn (tazobactam / piperacillin)
  • Wyeth stock quote & historical chart
  • The Meningitis Centre
  • Effexor XR
  • Pristiq
  • ProMeris
  • Suvaxyn PCV-2
  • Gastro Club
  • http://www.prevenar.co.uk/

wyeth, this, article, about, corporation, other, uses, word, disambiguation, pharmaceutical, company, until, purchased, pfizer, 2009, company, founded, philadelphia, pennsylvania, 1860, john, brother, headquarters, moved, collegeville, pennsylvania, madison, j. This article is about the corporation For other uses of the word see Wyeth disambiguation Wyeth was a pharmaceutical company until it was purchased by Pfizer in 2009 The company was founded in Philadelphia Pennsylvania in 1860 as John Wyeth and Brother Its headquarters moved to Collegeville Pennsylvania and Madison New Jersey before its headquarters were consolidated with Pfizer s in New York City after the 2009 merger WyethCompany typePublicTraded asNYSE AHP until 2002 NYSE WYE 2002 2009 IndustryPharmaceuticals HealthcareFounded 1860 Philadelphia Pennsylvania U S FateAcquired by PfizerNumber of locationsCollegeville Pennsylvania and Madison New Jersey United StatesKey peopleBernard J Poussot CEO President and Vice Chairman of WyethRobert Essner ChairmanJoseph Mahady President Global Business Wyeth PharmaceuticalsJohn Wyeth FounderProductsPremarin Effexor Enbrel See more products RevenueUS 22 4 billion 2008 Net incomeUS 4 6 billion 2008 Number of employees49 732 2005 ParentPfizerWebsite now part of Pfizer was www wyeth com Wyeth manufactured over the counter OTC drugs Robitussin and the analgesic Advil ibuprofen as well as prescription drugs Premarin and Effexor Contents 1 History 1 1 1860 1899 1 2 1900 1929 1 3 1930 1949 1 4 1950 1969 1 5 1970 1989 1 6 1990 1999 1 7 2000 2009 1 8 2012 present 2 Subsidiaries 2 1 Wyeth Consumer Healthcare 2 2 Wyeth Pharmaceuticals 2 3 Fort Dodge Animal Health 3 Products 3 1 Wyeth Consumer Healthcare Products now Pfizer Consumer Healthcare and then GSK Consumer Healthcare and now Haleon 3 2 Wyeth Pharmaceuticals Products 3 3 Fort Dodge Animal Health Products 3 4 Wyeth Nutrition Products 4 Controversies 4 1 Rapamune 4 2 Prempro 4 3 Diet Drug Dexfenfluramine Phentermine Fenfluramine aka Fen Phen 5 References 6 External linksHistory editThis section needs additional citations for verification Please help improve this article by adding citations to reliable sources in this section Unsourced material may be challenged and removed Find sources Wyeth news newspapers books scholar JSTOR February 2024 Learn how and when to remove this message 1860 1899 edit In 1860 pharmacists John 1834 1907 and Frank Wyeth opened a drugstore with a small research lab on Walnut Street in Philadelphia In 1862 on the suggestion of doctors they began to manufacture large quantities of commonly ordered medicines They were successful and in 1864 they began supplying medicines and beef extract to the Union army during the Civil War citation needed In 1872 Henry Bower an employee of Wyeth developed one of the first rotary compressed tablet machines in the United States This enabled the mass production of medicines with unprecedented precision and speed It was successful and the Wyeth brothers won multiple awards at the Centennial Exhibition In 1883 Wyeth opened its first international facility in Montreal Canada and began vaccine production Six years later a fire destroyed the brothers original Walnut Street store and they sold the retail business and focused on mass production citation needed 1900 1929 edit John Wyeth died in 1907 and his only son Stuart became the company s president The Whitehall building in downtown Manhattan became the corporation s first headquarters Global sales increased due to the sales of Wyeth s Kolynos brand of toothpaste In 1929 Stuart Wyeth died and left controlling interest to Harvard University citation needed 1930 1949 edit In 1930 Wyeth purchased Anacin a product for tension headaches which quickly became the company s flagship product One year later Harvard sold Wyeth to American Home Products for US 2 9 million citation needed In 1935 Alvin G Brush a Certified Public Accountant became CEO of the organization and served for 30 years Under Brush s leadership 34 new companies were acquired in 15 years including Chef Boyardee and the S M A Corporation a pharmaceutical firm specializing in infant formulas Wyeth also made its first licensing deal acquiring an antibiotic for arthritis vaccine research citation needed In 1941 the US entered World War II and Wyeth shipped typical wartime drugs such as sulfa bacteriostatics blood plasma typhus vaccine quinine and atabrine tablets Wyeth was later rewarded for its contribution to the war effort During this time Wyeth launched its penicillin research facility with G Raymond Rettew In 1943 Wyeth purchased G Washington Coffee Refining Company an instant coffee company created by early 20th century Belgian inventor George Washington In 1943 Wyeth merged with Ayerst McKenna and Harrison Ltd of Canada With this merger came Premarin the world s first conjugated estrogen medicine which was a flagship product for Wyeth until 2002 when preliminary results from the Women s Health Initiative linked it to a number of negative effects including increased risk for breast cancer Sales subsequently fell off worldwide Wyeth was one of 22 companies selected by the government in 1944 to manufacture penicillin for the military and later for the general public In 1945 Wyeth acquired the Fort Dodge Serum Company entering the animal health field citation needed 1950 1969 edit In 1951 Wyeth launched Antabuse a drug for the treatment of alcoholism as well as the antihistamine Phenergan Ansolyen was launched the next year as a high blood pressure medication The anticonvulsant Mysoline was introduced in 1954 Other drugs introduced during this time include Isordil a vasodilator for treatment of angina Dryvax a freeze dried smallpox vaccine and Ovral a combined oral contraceptive pill Pharmaceuticals were generating an ever increasing percentage of Wyeth s sales Wyeth became a leading US vaccine producer after supplying polio vaccine for Salk trials The corporate headquarters were moved to Radnor Pennsylvania where they remained until 2003 William F Laporte became the Chairman and President of AHP in 1965 and served until 1981 citation needed The World Health Organization initiated the Global Smallpox Eradication Program in 1967 and approached Wyeth to develop a better injection system for smallpox vaccines which could be used in the field Wyeth waived patent royalties on its innovative bifurcated needle aiding in the delivery of over 200 million smallpox vaccines per year citation needed 1970 1989 edit Wyeth s oral contraceptives became popular in the US John W Culligan after becoming Chairman and CEO in 1981 spun off less profitable lines and focused resources on consumer and prescription drugs Wyeth made history in 1984 with the introduction of Advil the first nonprescription ibuprofen in America as well as the most famous prescription to OTC switch in history John R Stafford became CEO and Chairman in 1986 He completed the divestiture of non core businesses such as household products foods candy Brach s Candy and medical devices e g its Sherwood Medical Company was sold to Tyco Kendal in 1997 Wyeth and Ayerst merged to form Wyeth Ayerst Laboratories thus strengthening and consolidating Wyeth s pharmaceutical operations In the late 1980s Wyeth acquired the animal health businesses of Bristol Myers and Parke Davis Wyeth also acquired A H Robins makers of Robitussin ChapStick Dimetapp and the Dalkon Shield merging it into its Whitehall unit to establish its Whitehall Robins Division 1990 1999 edit In 1990 Reckitt amp Colman now Reckitt Benckiser acquires Boyle Midway from American Home Products After a dediction of the food business the PAM trademark becomes part of American Home Foods Premarin becomes the 1 prescribed drug in the US in 1993 Effexor venlafaxine HCl the first serotonin norepinephrine reuptake inhibitor SNRI is introduced for the treatment of clinical depression and is later indicated for generalized anxiety disorder and social anxiety disorder In 1993 Wyeth founded the Women s Health Research Institute the only institute in the pharmaceutical industry entirely dedicated to research in women s health The Institute conducts trials in menopausal issues endometriosis contraception and more In 1994 Wyeth acquired American Cyanamid and its subsidiary Lederle Laboratories This acquisition brought the Lederle Praxis vaccines new research and development capacity and Centrum the leading US multivitamin Wyeth s sales topped US 13 billion in 1995 two years later Premarin became the company s first brand to reach US 1 billion in sales In 1995 Wyeth acquired the animal health division of Solvay which was folded into Fort Dodge Animal Health The acquisition gave Fort Dodge Animal Health strong market presence in Europe and Asia as well as expanding its product portfolio to include swine and poultry vaccines In 1996 American Home Products spun off its food unit as International Home Foods International Home Foods was purchased by ConAgra Foods in 2000 Wyeth also purchases full ownership of Genetics Institute Inc after acquiring a majority interest in 1992 1 In 1997 the U S Food and Drug Administration FDA requested that Wyeth withdraw its controversial diet drug fenfluramine from the market by after several reports of deaths and other health problems associated with the drug combination known as fen phen occurred 2 In 1998 American Home Products was left at the altar by British pharma powerhouse SmithKline Beecham who pulled the plug on the estimated 70 billion merger The deal was reportedly killed in response to British regulators who feared losing jobs to a proposed US headquarters location SmithKline Beecham merged with fellow Brit Glaxo Wellcome in 1999 to form the world s leading drug company This was the start of a three year losing streak in the mergers and acquisitions game for AHP In 1999 another American Home Products merger fell through this time a proposed 34 billion merger of equals with chemical and biotech manufacturer Monsanto Company Though the companies issued a combined statement saying the breakup was mutual because the deal was not in the best interests of shareholders rumors circulated that AHP had canceled the deal due to issues in the soon to be combined boardroom Monsanto announced in December 1999 that it would merge with Pharmacia amp Upjohn instead the new conglomerate eventually unloaded Monsanto again before being bought themselves by Pfizer in 2003 2000 2009 edit In 2000 American Home Products lost a US 65 billion friendly takeover bid for rival drug company Warner Lambert After the merger announcement Pfizer offered a competing hostile bid primarily to save its joint venture with Warner over Lipitor at the time the 1 prescription drug in the world At one point talks were under way in which Procter amp Gamble would help by buying both companies in a wild three way merger a rumor which cost P amp G a 10 drop in its stock price citation needed Although both CEOs eventually toured the world to defend the deal to the company s shareholders Pfizer won Warner Lambert and formed the second largest drug company in the world while AHP had to settle for a US 1 8 billion poison pill payment This was at the time the biggest poison pill payment in US history 3 On January 23 2009 The Wall Street Journal reported that Pfizer was in talks to buy Wyeth at a cost of US 68 billion 4 On January 25 Pfizer agreed to the purchase a deal financed with cash shares and loans 5 The deal was completed on October 15 2009 6 The purchase was approved by the SEC and went into effect later in 2009 although vestiges of Wyeth remained for another year or two while effects of the merger were ironed out Robert Essner the company s former CEO was appointed in 2001 On September 27 2007 the Wyeth Board of Directors elected Bernard Poussot President and Chief Executive Officer effective on January 1 2008 7 On March 11 2002 American Home Products changed its name to Wyeth having spun off unrelated businesses in order to focus on pharmaceuticals 8 As part of the Women s Health Initiative sponsored by the National Institutes of Health a large scale clinical trial for Hormone Replacement Therapy showed that long term use of progestin and estrogen may increase the risk of strokes heart attacks blood clots and breast cancer Following these results Wyeth experienced a significant decline in its sales of Premarin Prempro conjugated equine estrogens and related hormones citation needed from over 2 billion in 2002 to just over 1 billion in 2006 9 The results from the study were significant enough that Wyeth terminated the trials early due to a fear that their participants may be at risk Wyeth as a corporation filed a citizens complaint with the United States FDA on October 16 2005 requesting that the US FDA take action against pharmacies who compound manufacture or sell unlicensed Bioidentical hormone replacement therapy BHRT drugs to their patients Specifically Wyeth asserted that the BHRT drugs are not licensed by the FDA according to section 505 of the Food Drug and Cosmetic Act misbranded and adulterated per sections 501 and 502 of 21 U S C paragraphs 351 352 and 355 10 Drug manufacturers are required to demonstrate through clinical trials that marketed drugs are safe and efficacious a process that BHRT drugs have not undergone If honored the request would require the same safety and efficacy data for those primarily engaged in alternative medicine The European Commissioner for Health and Consumer Protection blamed the presence of illegal steroids in the food supply on fraudulent exchange and disposal of pharmaceutical waste A Wyeth factory disposing of the byproducts from synthetic progesterone manufacture was the source of the contamination 11 In 2003 Wyeth reportedly contributed funds to a not for profit support group The Meningitis Centre which lobbied the Australian Government to introduce universal immunisation against pneumococcal disease 12 Wyeth produced the only pneumococcal vaccine approved for young children in Australia During June 2009 an Arkansas federal judge granted public access to evidence that Wyeth Pharmaceuticals ghostwrote medical articles regarding its hormone therapy drug Prempro Along with The New York Times PLoS Medicine represented by the law firm Public Justice had sought to intervene in a court case of women bringing an action in relation to Prempro and other hormone therapy drugs in order to unseal papers that allegedly showed that Wyeth failed to disclose its role in preparing medical journal articles promoting Prempro and in recruiting academic authors to put their names on the articles for publication that is that they practised ghost writing 13 On October 15 2009 Pfizer signed the final acquisition papers making Wyeth a wholly owned subsidiary of Pfizer thus completing the US 68 billion dollar deal 6 2012 present edit In 2012 Nestle bought the infant nutrition division of Pfizer and renamed it as Wyeth Nutrition The Wyeth brand is still owned by Pfizer citation needed Subsidiaries editWyeth Consumer Healthcare edit Wyeth Consumer Healthcare formerly Whitehall Robins Consumer Healthcare operated throughout the world The consumer healthcare division had sales of 2 5 billion in 2004 and was at the time the fifth largest over the counter health products company in the world Wyeth Pharmaceuticals edit Wyeth Pharmaceuticals formerly Wyeth Ayerst Laboratories is the original company founded by the Wyeth brothers originally known as John Wyeth and Brother They focused on the research development and marketing of prescription drugs The pharmaceuticals division was further subdivided into five subdivisions Wyeth Research Prescription Products Biotech Vaccines and Nutritionals 14 15 Fort Dodge Animal Health edit Fort Dodge Animal Health was founded in 1912 by Daniel E Baughman as Fort Dodge Serum Company The company was established in Fort Dodge Iowa to manufacture hog cholera serum It became a division of American Home Products in 1945 It is a leading manufacturer of prescription and over the counter veterinary vaccines and pharmaceuticals Its global headquarters are located in Overland Park Kansas 16 17 Innovative Fort Dodge products include West Nile Innovator Duramune Adult CYDECTIN Pour on the Pyramid vaccine line Quest Gel and EtoGesic Tablets Products editThis article may contain an excessive amount of intricate detail that may interest only a particular audience Please help by spinning off or relocating any relevant information and removing excessive detail that may be against Wikipedia s inclusion policy May 2015 Learn how and when to remove this message Wyeth Consumer Healthcare Products now Pfizer Consumer Healthcare and then GSK Consumer Healthcare and now Haleon edit Advil 18 Advil Allergy Sinus Caplets Advil Allergy amp Congestion Relief Tablets Advil Caplets Advil Cold amp Sinus Caplets Advil Cold amp Sinus Liqui Gels Advil Congestion Relief Advil Gelcaps Advil Liqui Gels Advil PM Caplets Advil PM Liqui Gels Advil Sodium Ibuprofen Fast Acting Alavert Anadin Anbesol Caltrate Centrum Advance Centrum Silver Select Advance ChapStick Clusivol OB Clusivol Plus Clusivol Power C defunct Children s Clusivol Dimetapp Dristan Fibrosine Incremin Loviscol Polymagma Preparation H Robitussin Robikids Robitol now defunct Simeco Stresstabs Today condoms Z bec Wyeth Pharmaceuticals Products edit Ativan lorazepam a benzodiazepine used to treat anxiety insomnia and certain seizures 19 Effexor Effexor XR venlafaxine HCl an SNRI for clinical depression Generalized Anxiety Disorder and Social Anxiety Disorder Enbrel etanercept a drug approved for Psoriasis and various forms of Rheumatoid Arthritis co marketed by Amgen Lybrel A breakthrough birth control medication that went on the market in 2008 Wyeth put more into the advertising of this drug than any other medicine previously citation needed Premarin conjugated estrogen tablets Estrogen HRT for menopausal women Premarin Vaginal Cream conjugated estrogens indicated to treat vaginal dryness at menopause Prevnar vaccine to protect children from pneumococcal disease Pristiq desvenlafaxine a newly approved antidepressant for the treatment of major depressive disorder MDD Protonix pantoprazole a proton pump inhibitor for treating dyspepsia duodenal ulcers and Oesophagitis Relistor methylnaltrexone a newly approved drug for constipation induced by opioids co marketed with Progenics Surmontil trimipramine a tetracyclic antidepressant and the only psychotropic drug that shows no effect on REM sleep Torisel temsirolimus a drug approved for the treatment of Renal Cell Carcinoma a type of cancer Tygacil tigecycline an antibiotic developed for treatment of intra abdominal and skin tissue infections caused by resistant pathogens such as MRSA Xyntha Antihemophilic Factor Recombinant Plasma Albumin Free a new form of AHF recently approved by the US FDA Zosyn piperacillin tazobactam another intravenous antibiotic used mainly in intensive care medicine Also known as Tazocin in some countries Fort Dodge Animal Health Products edit Barricade 20 Biodectin Sheep Vaccine and wormer moxidectin Bursine 2 Bursine Plus Bursine K Poultry Vaccines Cefa Lak Cefa Dri CYDECTIN moxidectin Dicural Duramune Dog Vaccines Duvaxyn Horse Vaccines EtoGesic Tablets Ewegaurd Sheep Vaccine and wormer moxidectin Fel O Guard Cat Vaccines Fel O Vax Cat Vaccines Fluvac Innovator Horse Vaccine GiardiaVax Dog Vaccine Ketaset LeptoVax Dog Vaccine LymeVax Dog Vaccine Nolvasan PestVac Pig Vaccine Pinnacle I N Horse Vaccine Pneumobort Horse Vaccine Polyflex Poulvac Poultry Vaccines Presponse Cattle Vaccines ProHeart 6 ProHeart SR 12 moxidectin Heartworm preventative ProMeris for dogs and cats Provac Poultry Vaccines PYRAMID Cattle Vaccines Quest Equest Gel moxidectin Rabon Ear Tags for Cattle Rabvac Rabies Vaccine for Dogs Supona Suvaxyn Pig Vaccines Synanthic SYNOVEX Implants Telazol ToDAY ToMORROW Torbugesic SA Triangle Cattle Vaccines TriReo Poultry Vaccine Vetdectin moxidectin New Zealand Weanerguard Sheep Vaccine and wormer moxidectin Websters Cattle Sheep and Poultry Vaccines Australia West Nile Innovater Horse Vaccine Wyeth Nutrition Products edit Prenatal Bonina First Age S 26 Stage 1 S 26 Gold Stage 1 BonnaSecond Age Bonamil S 26 Stage 2 S 26 Gold Stage 2 Third Age Stage 3 Bonakid 1 S 26 Promil Gold S 26 Promil Ascenda 1 Fourth Age Stage 4 Bonakid Pre School 3 Promil Promil Gold Ascenda Kid 3 Special Feeder S 26 Gold Comfortis HW S 26 Gold CS S 26 HA Gold S 26 LF Gold Bonna Low LactoseControversies editRapamune edit A whistleblower suit was filed against Wyeth in 2005 alleging that the company illegally marketed their drug Rapamune Wyeth is targeted in the suit for off label marketing targeting specific doctors and medical facilities to increased sales of Rapamune trying to get current transplant patients to change from their current transplant drugs to Rapamune and for specifically targeting African Americans According to the whistleblowers Wyeth also provided doctors and hospitals with kickbacks to prescribe the drug in the form of grants donations and other money 21 22 As of 2010 a US House of Representatives committee led by Rep Edolphus Towns was investigating Wyeth for these abuses 23 24 Prempro edit Wyeth was sued for its marketing of Prempro a hormone replacement therapy which was implicated in the cancers of 14 000 patients Wyeth was particularly criticised by observers for its use of ghostwriters to put their names to research papers that Wyeth had paid a third party DesignWrite to prepare 25 Diet Drug Dexfenfluramine Phentermine Fenfluramine aka Fen Phen edit The drug combination fenfluramine phentermine usually called fen phen was an anti obesity treatment Fenfluramine was marketed by Wyeth as Pondimin but was shown to cause potentially fatal pulmonary hypertension and heart valve problems For more information refer to the article Fenfluramine phentermine References edit History of Wyeth at Fundinguniverse com Retrieved 25 10 2012 Centers for Disease Control and Prevention CDC 1997 11 14 Cardiac valvulopathy associated with exposure to fenfluramine or dexfenfluramine U S Department of Health and Human Services interim public health recommendations November 1997 Morbidity and Mortality Weekly Report 46 45 1061 1066 PMID 9385873 Nun der zweitgrosste Pharmakonzern der Welt Rheinische Post 2000 02 07 Retrieved 2023 08 03 Pfizer in talks to acquire Wyeth in 60 billion deal WSJ MarketWatch Retrieved 2012 08 11 Pettypiece Shannon 2009 01 26 Pfizer s 68 Billion Wyeth Deal Eases Lipitor Loss Bloomberg com Retrieved 2012 08 11 a b Pfizer Wyeth Transaction Archived from the original on May 24 2013 Retrieved October 25 2009 http www forbes com finance mktguideapps personinfo FromPersonIdPersonTearsheet jhtml passedPersonId 895899 dead link Wyeth s investor FAQ Archived from the original on 2008 12 18 Retrieved 2007 12 18 Wyeth Reports Earnings Report for the 2006 Fourth Quarter and Full Year PDF Archived from the original PDF on 20 February 2009 Botha S 2005 10 06 Submission of Citizen Petition on Behalf of Wyeth PDF FDA Retrieved 2010 01 27 Hormone food scandal rocks Europe Newscientist com 2002 07 16 Retrieved 2012 08 11 Drug giant linked to immunisation campaign Theage com au 22 December 2003 Retrieved 2012 08 11 Successful intervention by PLoS Medicine and The New York Times in Federal court grants public access to evidence that drug company ghostwrote medical articles about hormone therapy drug Prempro Archived from the original on 2009 08 14 Retrieved 2009 08 10 Gina kolata March 28 2004 Ideas amp Trends Of Mice and Men Why Test Animals to Cure Human Depression The New York Times Retrieved 2010 12 26 But Dr Robert R Ruffolo president of research and development at Wyeth Andrew pollack June 14 2010 Awaiting the Genome Payoff The New York Times Retrieved 2010 12 26 If on the first day we had discovered a new molecular target it s still going to take 15 to 20 years to make the drug said Robert R Ruffolo Jr who ran research and development at Wyeth until 2008 Pfizer Animal Health Information Cows Cattle Pig Cat Dog amp Horse Pfizerah com Retrieved 2012 08 11 Press Releases Pfizer the world s largest research based pharmaceutical company Pfizer Retrieved 2012 08 11 Wyeth Over the Counter Products Wyeth com Archived from the original on 2010 02 24 Retrieved 2012 08 11 Wyeth Prescription Products Wyeth com Archived from the original on 2010 03 15 Retrieved 2012 08 11 Wyeth Animal Health Products Wyeth com Archived from the original on 2010 06 16 Retrieved 2012 08 11 Wyeth Marketing Targeted Blacks Illegally Lawsuit Pharmalot Pharmalot com 2010 05 24 Archived from the original on 2010 05 28 Retrieved 2012 08 11 Tracy Staton 2010 06 14 Congress joins probe into Wyeth s Rapamune marketing FiercePharma Retrieved 2012 08 11 Richwine Lisa June 11 2010 UPDATE 1 U S panel probes marketing of Wyeth transplant drug Reuters U S Lawmakers to Investigate Wyeth Illegal Marketing Update2 BusinessWeek Archived from the original on 2010 06 15 Retrieved 2010 06 14 Medical ghostwriters who build a brand Comment is free The Guardian The GuardianExternal links edit nbsp New Jersey portal nbsp Companies portal nbsp Wikimedia Commons has media related to Wyeth Wyeth com Archived 2007 04 08 at the Wayback Machine Wyeth HCP Portal Fort Dodge Animal Health Fort Dodge Australia Fort Dodge Brazil Fort Dodge Europe Fort Dodge Mexico Wyeth Animal Health Canada Wyeth AHP history from the Harvard Business School Tygacil tigecycline IV Zosyn tazobactam piperacillin Wyeth stock quote amp historical chart The Meningitis Centre Effexor XR Pristiq ProMeris Suvaxyn PCV 2 Gastro Club http www prevenar co uk Retrieved from https en wikipedia org w index php title Wyeth amp oldid 1221656698, wikipedia, wiki, book, books, library,

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