Wyeth
Overview
Wyeth, formerly one of the companies owned by American Home Products Corporation (AHP), was a pharmaceutical company
. The company was based in Madison
, New Jersey
, USA
. They were known for manufacturing the over-the-counter (OTC) drug
s Robitussin
and the analgesic
Advil
(ibuprofen
), as well as the prescription drugs Premarin
and Effexor, which both boast over US$
3 billion in sales annually.
On January 23, 2009 The Wall Street Journal
reported that Pfizer
was in talks to buy Wyeth at a cost of US$
68 billion.
Pharmaceutical company
The pharmaceutical industry develops, produces, and markets drugs licensed for use as medications. Pharmaceutical companies are allowed to deal in generic and/or brand medications and medical devices...
. The company was based in Madison
Madison, New Jersey
Madison is a borough in Morris County, New Jersey, in the United States. As of the 2000 United States Census, the population was 16,530. It also is known as "The Rose City".-Geography:Madison is located at ....
, New Jersey
New Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
, USA
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. They were known for manufacturing the over-the-counter (OTC) drug
Over-the-counter drug
Over-the-counter drugs are medicines that may be sold directly to a consumer without a prescription from a healthcare professional, as compared to prescription drugs, which may be sold only to consumers possessing a valid prescription...
s Robitussin
Robitussin
Robitussin is a line of cold and cough medicines currently produced by Pfizer. Robitussin is available in various formulations. Robitussin contains an expectorant ; Robitussin DM adds a cough suppressant to the expectorant ; Robitussin CF is a cold formula that adds an expectorant and a nasal...
and the analgesic
Analgesic
An analgesic is any member of the group of drugs used to relieve pain . The word analgesic derives from Greek an- and algos ....
Advil
Advil
Advil is a brand of ibuprofen, a nonsteroidal anti-inflammatory drug . Advil is manufactured by Pfizer and has been on the market since 1984.-History:...
(ibuprofen
Ibuprofen
Ibuprofen is a nonsteroidal anti-inflammatory drug used for relief of symptoms of arthritis, fever, as an analgesic , especially where there is an inflammatory component, and dysmenorrhea....
), as well as the prescription drugs Premarin
Premarin
Premarin is the commercial name for a compound cream of vaginally administered estrogens, consisting primarily of conjugated estrogens. Isolated from mares' urine , it is manufactured by Wyeth Pharmaceuticals and has been marketed since 1942...
and Effexor, which both boast over US$
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
3 billion in sales annually.
On January 23, 2009 The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
reported that Pfizer
Pfizer
Pfizer, Inc. is an American multinational pharmaceutical corporation. The company is based in New York City, New York with its research headquarters in Groton, Connecticut, United States...
was in talks to buy Wyeth at a cost of US$
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
68 billion.
