Pharmacia & Upjohn
 | |
| Company type | Public |
|---|---|
| Industry | Pharmaceutical |
| Founded | Merger of Pharmacia AB & The Upjohn Company |
| Fate | Acquired by Pfizer |
Pharmacia & Upjohn was a global pharmaceutical company formed by the merger of Sweden-based Pharmacia AB and the American company Upjohn in 1995.[1] Today the remainder of the company is owned by Pfizer. In 1997, Pharmacia & Upjohn sold several brands to Johnson & Johnson, including Motrin and Cortaid.
History
Amersham
In 1997, the biotechnology division of the company Pharmacia Biotech merged with Amersham Life Science with the new merged entity being known as Amersham Pharmacia Biotech.[2][3] In 2001, the company was renamed Amersham Biotech.[4] In 2002, Pharmacia sold its share of the company to Amersham plc.[5][6] In 2004, Amersham Biosciences was acquired by GE Healthcare.[7]
In 1998, the nutrition division of the company was sold to Fresenius.[8]
Monsanto
Monsanto acquired the pharmaceutical company G. D. Searle & Company in 1985.[9] In 1998, Searle and the Monsanto Pharma Sector partnered with Pfizer to develop and promote celecoxib, an anti-inflammatory drug used to treat arthritis.[10][11] Branded as Celebrex, celecoxib was approved by the FDA in 1998.[12] In December 1999, Pharmacia & Upjohn merged with the American biotechnology and medical company, Monsanto and renamed itself Pharmacia.[13] The company retained Monsanto's pharmaceutical division - then known as Searle - and spun off the remaining interests as the "new Monsanto".[14][15] The newly merged pharmaceutical entity changed its name to Pharmacia Corp.[16]
Pfizer
In July 2002, Pharmacia Corp. and Pfizer announced an agreement that Pfizer would purchase Pharmacia; control of celecoxib was often mentioned as a key reason for Pfizer's acquisition of Pharmacia.[17] The deal was finalized in April 2003.[18]
Later developments
- The remnant of the Stockholm-based part of Pharmacia was partly spun off to Biovitrum in 2001, which sold off its plasma products division to Octapharma in 2002.
- In 2004, the allergy-diagnostic division of Pharmacia was sold off as Pharmacia Diagnostics. Later in 2004, the Uppsala-based ophthalmology division was sold to Advanced Medical Optics.
- On January 16, 2006, Pharmacia Diagnostics announced that its name had changed to Phadia, which has ended the use of the Pharmacia trademark. The remnant of Pharmacia was sold to the Indian company Kemwell in 2006. The rest was moved to Belgium in 2008. The company's facilities in Strängnäs Sweden are currently being expanded for the production of Genotropin, a growth hormone.
Overview
The following is an illustration of the company's mergers, acquisitions, spin-offs and historical predecessors:
| Pharmacia Corp. Acquired by Pfizer, 2002 |
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References
- ^ "Upjohn Company". 7 May 2006. Archived from the original on 2006-05-07.
- ^ Newman, Cathy (1997-05-31). "Amersham close to life sciences merger". The Independent. Retrieved 2020-11-16.
{{cite web}}: CS1 maint: url-status (link) - ^ Stephen, Moore (1997-06-11). "Amersham Merges Division With Pharmacia & Upjohn". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-11-16.
{{cite news}}: CS1 maint: url-status (link) - ^ Basar, Shanny (12 March 2002). "Morgan Stanley and Hoare Govett sell £350m Amersham sale". Financial News London. Retrieved 2020-11-16.
{{cite web}}: CS1 maint: url-status (link) - ^ "Pharmacia Corp selling stake in Amersham Biosciences for $1 billion -". The Pharma Letter. 18 March 2002. Retrieved 2020-11-16.
{{cite web}}: CS1 maint: url-status (link) - ^ "Amersham buys out bioscience ally". the Guardian. 2002-03-13. Retrieved 2020-11-16.
- ^ Rovito, Rich (8 April 2004). "GE completes acquisition of Amersham, restructures GE Healthcare". Milwaukee Business Journal.
{{cite web}}: CS1 maint: url-status (link) - ^ "INTERNATIONAL BRIEFS; Fresenius of Germany Buying Pharmacia Unit (Published 1998)". The New York Times. 1998-06-09. ISSN 0362-4331. Retrieved 2020-11-16.
{{cite news}}: CS1 maint: url-status (link) - ^ Greenhouse, Steven (1985-07-19). "MONSANTO TO ACQUIRE G. D. SEARLE (Published 1985)". The New York Times. ISSN 0362-4331. Retrieved 2020-11-16.
{{cite news}}: CS1 maint: url-status (link) - ^ "Monsanto's Searle unit developing arthritis drug with Pfizer". St. Louis Business Journal. 18 February 1998.
{{cite web}}: CS1 maint: url-status (link) - ^ Langreth, Robert (1998-02-19). "Pfizer to Help Searle Develop, Market Arthritis Drug in Race With Merck, J&J". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-11-16.
{{cite news}}: CS1 maint: url-status (link) - ^ "Fast Facts on Bextra and Celebrex". ABC News. 6 January 2006. Retrieved 2020-11-16.
{{cite web}}: CS1 maint: url-status (link) - ^ Stein, George; Chase; Brett (1999-12-20). "Pharmacia & Upjohn, Monsanto to Merge in $26.5-Billion Deal". Los Angeles Times. Retrieved 2020-11-16.
{{cite web}}: CS1 maint: url-status (link) - ^ "Monsanto Raises $700 Million in IPO". Los Angeles Times. October 18, 2000.
- ^ "Monsanto and Pharmacia to Join, Creating a Pharmaceutical Giant", New York Times, December 20, 1999, retrieved 28 December 2015
- ^ "Drug cos. to call new firm 'Pharmacia'". CNN Money. 27 January 2000. Retrieved 2020-11-16.
{{cite web}}: CS1 maint: url-status (link) - ^ Andrew Ross Sorkin for the New York Times, July 15, 2002. Pfizer Said To Buy Large Drug Rival In $60 Billion Deal
- ^ Staff, CNN/Money. April 16, 2003 It's official: Pfizer buys Pharmacia