The History of American Home Products :: American Home Products Corporation Essays

The History of American post ProductsAmerican Home Products Corporation (AHP) was founded in 1926 and has a history of continuous acquisitions of smaller companies that do proprietary medicines. In 1931, AHP purchased John Wyeth & Brother, Inc. from Harvard University. Another important acquisition was that of Canadas Ayerst Laboratories in 1943. Ayerst was a large pharmaceutical company that had introduced Premarin, the worlds first conjugated estrogen product, and now the most wide positivist product in the United States (ahp.com). In March of 1982, Sherwood Medical was acquired, enabling AHP to capture a share of the developing medical devices market. In 1984, Whitehall, an lord member of AHP, started to market ibuprofen in the United States that was sold low the trademark Advil. Lawyer John Stafford became CEO in 1986 and soon aft(prenominal) he supervised the acquisition of Bristol-Meyers animal health course of instruction and assimilated the new business into Fort Dod ge, now Fort Dodge wight Health. In 1989, AHP bought A.H. Robins along with its popular consumer products, including Chap Stick, Dimetapp, and Robitussin. AHP and American Cyanamid incorporate in 1994 in a deal valued at $9.6 billion. AHP introduced galore(postnominal) new products in 1996, including Redux and Pondimin (Phen-Phen), two weight-reduction drugs. These drugs were later pulled from the market because of cogitate to serious health problems and lawsuits soon followed. When 1998 mega-merger plans with SmithKline Beecham and Monsanto collapsed, AHP settled for the acquisition of New tee shirt based Solgar Vitamin and Herb Company for $425 million. Its clear to see that AHPs history is comprised of acquisitions in the desire to be the ultimate leader of the pharmaceutical industry. MarketingAmerican Home Products has a suprisingly vast array of products. From womens health care products to agricultural goods to animal health care products, AHP covers a variety of pharmac eutical needs. Wyeth-Ayersts research, products, and educational initiatives benefit millions of women. Premarin, the most widely prescribed medication in the United States, is a post-menopausal product that gained AHP fame when it was introduced in 1996. Wyeth-Ayerst likewise introduced Alesse in 1997, a low-dose oral contraceptive reflexion that has become very popular in the birth control field. Wyeth-Ayerst also focused its research on cardiovascular therapies and mental health products. Its cardiovascular research concentrates on medication for diseases such as arrhythmia and hypertension. Their anti-arrhythmia prerogative leads the U.S. market, reflecting Wyeth-Ayersts and AHPs recognition of life-threatening ventricular arrhythmia (Tardiff 114).