Nycomed

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Nycomed International Management GmbH
Type Private
Industry Pharmaceuticals
Founded 1874
Headquarters Zürich, Switzerland
Area served Europe
Key people H. Björklund (CEO)
Toni Weitzberg (Chairman)
Revenue Increase EUR 3,400 million (2006)
Employees 12,400 (2007)
Parent Takeda Pharmaceutical
Website www.nycomed.com

Nycomed is a Norwegian pharmaceutical company. Nycomed was acquired by Takeda Pharmaceutical in September 2011. Production is located in Norway, Denmark, Poland, Austria, Belgium, Germany, Estonia, India, Mexico, Brazil and Argentina. Head office is located in Zürich, Switzerland. Total revenue was 3,400 million (2006) and the group had 12,000 employees. The Nycomed company annually awards a prize totaling 20,000 Euro to four excellent junior scientists at the University of Konstanz. Also, the award promotes the concept of scientific exchange and networking of its winners.

History[edit]

The company was started in Norway in 1874, as an agent of foreign pharmaceutical products. The founder was pharmacist Morten Nyegaard, and co-owner was Theodor Haslund. Nyegaard backed out in 1901, and Theodor Haslund was co-owner with Emil Steen until 1906. Fredrik L. Christensen was then Steen's partner until 1913, when Steen became sole owner.[1] Steen was behind the transformation of the company from a wholesaling company to a manufacturer of pharmaceutical products.[2] After his death, his widow Laura Steen took over the company; in 1921 their son Fredrik Steen took over. The company soon merged with Koren & Gedde, owned since 1919 by Sverre Blix. Blix became co-owner with Fredrik Steen.[1]

The company name was Nyegaard & Co. from 1890 until 1986 when it was changed to Nycomed. In 1913 it started producing generic drugs, among these Globoid (copy of Aspirin). In 1969, the revolutionary radiocontrast agent Amipaque was discovered, starting a long process of internationalisation. The next generation product Omnipaque made the company highly successful. In 1986, Nycomed was purchased by the power company Hafslund. In 1994, the diagnostic division of US based Sterling Winthrop was acquired. Then, in 1996, the therapeutics division Nycomed Pharma was demerged whilst the diagnostic division Nycomed Imaging was merged with the British company Amersham plc. In 1999, the therapeutics company was established under the name Nycomed as an independent company. In 2007, Nycomed took over the much larger German pharmaceutical company, Altana Pharma. This acquisition made Nycomed one of the world's 25 largest pharmaceutical companies. In 2007 Nycomed acquired American company Bradley Pharmaceuticals. The closing deal was completed on February 21, 2008, and Bradley Pharmaceuticals became an integral part of Nycomed.

Nycomed has pursued a strategy of licensing new medicines from research companies and introducing them to Europe. The company provides specialist/hospital products (e.g. Tachosil) throughout Europe. General Practitioner and pharmacy medicines are also provided but in selected countries. Today the company is active throughout Europe and continues to expand into new markets.

In October 2008, Nycomed Canada Inc. was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc., and was featured in Maclean's newsmagazine. Later that month, Nycomed Canada was also named one of Greater Toronto's Top Employers, which was announced by the Toronto Star newspaper.[3]

On May 19, 2011, Takeda Pharmaceutical and Nycomed announced that Takeda will acquire Nycomed for 9.6 billion. The acquisition was completed by the end of September 2011.[4]

Collaborative Research[edit]

In addition to internal research and development activities Nycomed is also involved in publicly funded collaborative research projects, with other industrial and academic partners. One example in the area of non-clinical safety assessment is the InnoMed PredTox.[5][6]

Notes and references[edit]

  1. ^ a b "Norsk legemiddelindutris eventyrlige utvikling". Aftenposten. 25 November 1949. p. 7. 
  2. ^ "50-aars forretningsjubilæum. Nyegaard & Co.". Aftenposten. 27 August 1924. p. 4. 
  3. ^ "Reasons for Selection, 2009 Canada's Top 100 Employers Competition". 
  4. ^ "Takeda to Acquire Nycomed - Transaction will Transform Takeda’s Global Business". Retrieved 2011-05-19. 
  5. ^ Mattes, William B. (2008). "Public Consortium Efforts in Toxicogenomics". In Mendrick, Donna L.; Mattes, William B. Essential Concepts in Toxicogenomics. Methods in Molecular Biology 460. pp. 221–238. doi:10.1007/978-1-60327-048-9_11. ISBN 978-1-58829-638-2. PMID 18449490.  edit
  6. ^ "InnoMed PredTox Member Organizations". Retrieved 2008-08-25. 

See also[edit]

External links[edit]