Warner–Lambert

Warner–Lambert was an American pharmaceutical company. Formerly two separate entities, the first company was started in 1856 when William R. Warner founded a drug store in Philadelphia. Warner went on to invent a tablet-coating process gaining him a place in the Smithsonian Institution. The second half of the name came from Jordan Wheat Lambert, founder of the Lambert Pharmacal Company, the makers of Listerine. The two companies merged in 1955 to form Warner–Lambert.

Over the years, the company expanded through many mergers and acquisitions to become an international competitor in several businesses. In 1976, Warner–Lambert took over Parke-Davis, which was founded in Detroit in 1866, by Hervey Parke and George Davis. This was followed by acquisitions of Wilkinson Sword in 1993 and Agouron in 1999.

In the late 90's, Warner-Lambert formed an alliance with Pfizer to bring its drug, Lipitor, to market. Lipitor launched in January 1997 to resounding success, reaching $1B in domestic sales within its first 12 months on the market.[1]

In 2000 Pfizer bought Warner Lambert along with all of its subsidiary companies.

References

  1. ↑ Koberstein, Wayne, "Master Launchers", Pharmaceutical Executive, May 1998.

External links

This article is issued from Wikipedia - version of the Friday, April 29, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.