By - Nayan Shukla Company Details Before Acquisition
Pfizer Inc. Pharmacia Corp.
Founded in1849 Founded in 1911 Founded by Charles Founded by Gustav Felix Pfizer and Charles Grönfeldt. Erhardt. Company’s headquarters are Company’s in Peapack, New headquarters are in Jersey New York City, with its research headquarters in Groton. Pharmacia Details Before Acquisition Pharmacia was first merged with "Kabi Vitrum" to form Kabi Pharmacia in 1990. Kabi was later excluded. Then the company merged with the American pharmaceutical company Upjohn in 1995. The merged company "Pharmacia & Upjohn" merged with the American bioindustry and medical company Monsanto Company in 2000. The resulting conglomerate took the name of "Pharmacia Corp.“
In July 2002, Pharmacia was bought by Pfizer.
Pfizer Details Before Acquisition
Buys the US marketing rights to antihistamine eye
drop in 1997. Buys marketing rights from GD Searle & Co for its arthritis treatment in 1998 Merger of mutual interest with Warner-Lambert in 2000. Announces acquisition of Pharmacia Corp in 2002. Business Details Of Pfizer
Industry: - Health Care
Revenue: - US$50.0 Billion
Products: -Accupril, Lipitor, Viagra
Subsidiaries: -Agouron Pharmaceuticals, G.D.
Searle, Parke-Davis, Pharmacia, Upjohn, Warner Lambert, Wyeth. Reasons For Acquisition
Strengthening its position as the world's leading
pharmaceutical company. Pfizer will gain several bestselling products under the deal. Like Celebrex, minoxidil, somatropin, sildenafil. Shock to the closest rival GlaxoSmithKline which was in merger talks with Bristol-Myers Squibb. Merger between Pfizer and Pharmacia would propel the new firm to the top of the market in the European sector. Position After Acquisition
Pfizer became No. 1 drug maker.
Its $256 billion market value makes it No. 3
behind only General Electric and Microsoft. Net income : -US$8.63 Billion Current Position Of Group
Headquarters: - New York City, U.S.
Key people: - Jeff Kindler, Chairman and CEO.
Revenue: - US$50.0 Billion.
Employees : - 81,800 Conclusion
So, by acquiring the Pharmacia, Pfizer
brought in two companies Upjohn and Monsanto with Pharmacia and established itself as a undisputed king in the field of drugs and pharmaceutical sector and also give a sudden surprise to its closest competitor GlaxoSmithKline.