History of American Home Products American Home Products, one of the largest health care concerns in the United States and a conglomerate that includes food and household-product divisions, has been referred to as 'Anonymous Home Products' or the 'withdrawn corporate giant. Public relations was considered such a low priority that until recently switchboard operators answered the phone with the company phone number instead of the company name. And although executives at American Home Products had made few efforts to influence Wall Street analysts until recently, the company's forty plus consecutive years of increased sales and earnings make AHP shares a very popular investment. American Home Products' unusual combination of anonymity and financial success stems from its history of competent management, product diversification through acquisition, and close-fisted expenditures on virtually everything except advertising.
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April —[ edit ] Inpharmacists John — and Frank Wyeth opened a drugstore with a small research lab on Walnut Street in Philadelphia.
Inon the suggestion of doctors, they began to manufacture large quantities of commonly ordered medicines. They were successful, and in they began supplying medicines and beef extract to the Union army during the Civil War. InHenry Bowers, 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. InWyeth opened its first international facility in MontrealCanadaAmerican home products 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.
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. InStuart Wyeth died and left controlling interest to Harvard University. InAlvin G.
Under Brush's leadership, 34 new companies were acquired in 15 years, including Chef Boyardee and the S. Corporation, a pharmaceutical firm specializing in infant formulas. Wyeth also made its first licensing deal, acquiring an antibiotic for arthritis vaccine research.
Inthe US entered World War IIand AHP shipped typical wartime drugs such as sulfa bacteriostatics, blood plasmatyphus vaccine, quinineand atabrine tablets.
Wyeth was later rewarded for its contribution to the war effort. During this time, Wyeth launched its penicillin research facility with G.
InWyeth purchased G. With this merger came Premarinthe world's first conjugated estrogen medicine, which was a flagship product for AHP untilwhen 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. AHP was one of 22 companies selected by the government in to manufacture penicillin for the military, and later for the general public.
Ansolyen was launched the next year as a high blood pressure medication. The anticonvulsant Mysoline was introduced in Other drugs introduced during this time include Isordila vasodilator for treatment of anginaDryvaxa freeze-dried smallpox vaccine, and Ovral, a combined oral contraceptive pill.
Pharmaceuticals were generating an ever-increasing percentage of AHP's sales. The corporate headquarters were moved to RadnorPennsylvania, where they remained until The World Health Organization initiated the Global Smallpox Eradication Program inand approached AHP to develop a better injection system for smallpox vaccines which could be used in the field.
AHP waived patent royalties on its innovative bifurcated needleaiding in the delivery of over million smallpox vaccines per year.
Culligan, after becoming Chairman and CEO inspun off less profitable lines and focused resources on consumer and prescription drugs.
AHP made history in with the introduction of Advilthe first nonprescription ibuprofen in America, as well as the most famous prescription-to-OTC switch in history. Stafford became CEO and Chairman in He completed the divestiture of non-core businesses such as household products for example the Slaymaker lock companyfoods, candy Brach's Candyand medical devices e.
In negotiations that lasted from toAHP acquired A. Robins which had been driven into bankruptcy by litigation over Dalkon Shieldand which also sold ReglanRobitussinChapStickand Dimetapp and merging it into its Whitehall unit to establish its Whitehall-Robins Division. Premarin became the most prescribed drug in the US in Effexor venlafaxine HClthe first serotonin-noradrenaline reuptake inhibitor SNRIis introduced for the treatment of clinical depression and is later indicated for generalized anxiety disorder and social anxiety disorder.
InAHP 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, endometriosiscontraceptionand more. This acquisition brought the Lederle Praxis vaccines, new research and development capacity, and Centrumthe leading US multivitamin.American Home Product Corporation (AHP), a highly growing American company, has four business lines: prescription drugs, packaged drugs, food products, house wares and household products.
For a quite long time, AHP has applied a tight financial control . American Home Products has a suprisingly vast array of products. From women’s health care products to agricultural goods to animal health care products, AHP covers a variety of pharmaceutical needs.
Wyeth-Ayerst’s research, products, and educational initiatives benefit millions of women. Wyeth was a pharmaceutical company purchased by Pfizer in The company was founded in Philadelphia, Pennsylvania, in as John Wyeth and Brother. It was later known as American Home Products before being renamed to Wyeth in Its headquarters moved to Collegeville, Pennsylvania, and Madison, New Jersey, before its headquarters were consolidated with Pfizer's in New York City Fate: Acquired by Pfizer, infant nutrition acquired by Nestlé.
American Home Products opened in when a group of managers from Sterling Products and Household Products combined their resources to buy small companies as cheaply as possible. American Home & Energy Products provides products and services for fireplaces, outdoor living areas and water gardens, throughout greater Cleveland, OH.
Mar 11, · ''American Home Products has not been a real sterling performer,'' Mr. Gregory said. ''Wyeth sounds more like a pharmaceutical company. But it .