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Health

Abbott Laboratories Corporate Office

Abbott Laboratories was founded by Wallace C. Abbott in 1888 as the Abbott Alkaloidal Company. At the time he was 30 years old and an 1885 graduate of the University of Michigan who was a practicing doctor and owner of a drug store. His innovation was  a tiny pill made of the active part of a medicinal plant that allowed for more effective and and consistent dosages for patients.

Abbott opened his first international office in 1931 in Canada.

In 1962 they entered into a joint partnership with Dainippon Pharmaceutical Co., Ltd. of Osaka, Japan. The same year, they also expanded to Italy, England, and France.

In 1985 Abbott developed the first HIV blood-screening test.

In 2004 they spun off their hospital products division into the new company Hospira. The same year they acquired TheraSense, which merged with MediSense to become Abbott Diabetes Care.

In 2007 they acquired Advanced Medical Optics, which gave Abbott a Vision Eye Care division.

Today Abbott Laboratories is a global pharmaceuticals and health care products company with 90,000 employees in 130 countries. Their broad range of medical tests and diagnostic instruments are used worldwide by hospitals, physicians, blood banks, and laboratories.  Their revenue for 2010 was $38.851 billion.

Abbott Laboratories

Abbott Laboratories was founded by Wallace C. Abbott in 1888 as the Abbott Alkaloidal Company. At the time he was 30 years old and an 1885 graduate of the University of Michigan who was a practicing doctor and owner of a drug store. His innovation was  a tiny pill made of the active part of a medicinal plant that allowed for more effective and and consistent dosages for patients.

Abbott opened his first international office in 1931 in Canada.

In 1962 they entered into a joint partnership with Dainippon Pharmaceutical Co., Ltd. of Osaka, Japan. The same year, they also expanded to Italy, England, and France.

History

In 1985 Abbott developed the first HIV blood-screening test.

In 2004 they spun off their hospital products division into the new company Hospira. The same year they acquired TheraSense, which merged with MediSense to become Abbott Diabetes Care.

In 2007 they acquired Advanced Medical Optics, which gave Abbott a Vision Eye Care division.

Today Abbott Laboratories is a global pharmaceuticals and health care products company with 90,000 employees in 130 countries. Their broad range of medical tests and diagnostic instruments are used worldwide by hospitals, physicians, blood banks, and laboratories.  Their revenue for 2010 was $38.851 billion.

Merck Corporate Office

Merck KGaA was founded in 1668 by Friedrich Jacob Merck in Darmstadt, Germany when he purchased a drug store. The company grew into a chemical-pharmaceutical company that was run by the Merck family for generations.

In 1891 George Merck emigrated to the United States and set up Merck & Co. as an American subsidiary.

Under wartime policy, Merck & Co. was confiscated in 1917 and established as an independent American company.

In 1953, Merck merged with Sharp & Dohme, Inc to become the largest U.S. drug maker. The merger united Merck’s strength in scientific research and chemical manufacturing with Sharp & Dohme’s sales and distribution system, as well as their marketing expertise.

In 1993 Merck completed the acquisition of one of the largest mail-order pharmacy and managed-care drug companies, Medco Containment Services, Inc, for $6 billion.

Today Merck is one of the seven largest pharmaceutical companies in the world by market capitalization and revenue.

Merck trades on the NYSE under the symbol MRK, is part of the S&P 500, has 86,000 employees, and had revenue of $48.047 billion in 2012.

 

Merck

Merck KGaA was founded in 1668 by Friedrich Jacob Merck in Darmstadt, Germany when he purchased a drug store. The company grew into a chemical-pharmaceutical company that was run by the Merck family for generations.

In 1891 George Merck emigrated to the United States and set up Merck & Co. as an American subsidiary.

Under wartime policy, Merck & Co. was confiscated in 1917 and established as an independent American company.

History

In 1953, Merck merged with Sharp & Dohme, Inc to become the largest U.S. drug maker. The merger united Merck’s strength in scientific research and chemical manufacturing with Sharp & Dohme’s sales and distribution system, as well as their marketing expertise.

In 1993 Merck completed the acquisition of one of the largest mail-order pharmacy and managed-care drug companies, Medco Containment Services, Inc, for $6 billion.

Today Merck is one of the seven largest pharmaceutical companies in the world by market capitalization and revenue.

Merck trades on the NYSE under the symbol MRK, is part of the S&P 500, has 86,000 employees, and had revenue of $48.047 billion in 2012.

 

Pfizer Corporate Office

Pfizer was founded in 1849 as a fine chemical manufacturer by the cousins Charles Pfizer and Charles Erhart under the name Charles Pfizer and Company.

The company’s first success was an antiparasitic called santonin. However, its growth really started when it started producing citric acid in the 1880s.

Penicillin became inexpensive in the 1940s and the company began to look for new antibiotics with higher profit potential. Pfizer’s discovery of Terramycin in 1950 put the company on the path to being a research-based pharmaceutical company.

In 1980 Pfizer launched Fedene, an anti-inflammatory that became its first product to reach $1 billion in sales.

In the 1980s and 1990s Pfizer had a period of growth, with the resulting discoveries of Zoloft, Lipitor, Norvasc, Zithromax, Aricept, Diflucan, and Viagra.

In 2006 Pfizer sold its Consumer Healthcare unit for $16.6 billion to Johnson & Johnson.

Today Pfizer is one of the world’s largest pharmaceutical companies in the world by revenue. Pfizer is part of the Dow 30 and the S&P 500, has 91,500 employees, and had $58.98 billion in revenue in 2012.

Pfizer

Pfizer was founded in 1849 as a fine chemical manufacturer by the cousins Charles Pfizer and Charles Erhart under the name Charles Pfizer and Company.

The company’s first success was an antiparasitic called santonin. However, its growth really started when it started producing citric acid in the 1880s.

Penicillin became inexpensive in the 1940s and the company began to look for new antibiotics with higher profit potential. Pfizer’s discovery of Terramycin in 1950 put the company on the path to being a research-based pharmaceutical company.

History

In 1980 Pfizer launched Fedene, an anti-inflammatory that became its first product to reach $1 billion in sales.

In the 1980s and 1990s Pfizer had a period of growth, with the resulting discoveries of Zoloft, Lipitor, Norvasc, Zithromax, Aricept, Diflucan, and Viagra.

In 2006 Pfizer sold its Consumer Healthcare unit for $16.6 billion to Johnson & Johnson.

Today Pfizer is one of the world’s largest pharmaceutical companies in the world by revenue. Pfizer is part of the Dow 30 and the S&P 500, has 91,500 employees, and had $58.98 billion in revenue in 2012.

WellPoint Corporate Office

WellPoint, Inc is a health benefits company that offers network-based managed care plans to employers, individuals, seniors, and Medicaid in the United States.

WellPoint Health Networks was founded in 1986 by the non-profit Blue Cross of California (BCC) as a for-profit company to operate its managed care business. This was necessary because of several years of multi-million dollar losses for the non-profit.

The company was incorporated in 1992 with BCC’s most profitable operations concentrated in its new company. This move caused controversy and confusion about whether the company was a non or for-profit company. Technically speaking, BCC was non-profit and WellPoint Health Networks was for-profit.

WellPoint, Inc  in its present form was formed when WellPoint Health Networks merged into Anthem, Inc in 2004. The company began trading under the ticker WLP.

In 2009, WellPoint sold its NextRX subsidiaries to Express Scripts for $4.65 billion.

In 2012 WellPoint acquired Amerigroup Corporation for $4.9 billion in cash.

Today WellPoint, Inc has almost 40,000 employees, is part of the S&P 500, and has over $60 billion in revenue each year.

 

 

 

WellPoint, Inc.

WellPoint, Inc is a health benefits company that offers network-based managed care plans to employers, individuals, seniors, and Medicaid in the United States.

WellPoint Health Networks was founded in 1986 by the non-profit Blue Cross of California (BCC) as a for-profit company to operate its managed care business. This was necessary because of several years of multi-million dollar losses for the non-profit.

The company was incorporated in 1992 with BCC’s most profitable operations concentrated in its new company. This move caused controversy and confusion about whether the company was a non or for-profit company. Technically speaking, BCC was non-profit and WellPoint Health Networks was for-profit.

History

WellPoint, Inc  in its present form was formed when WellPoint Health Networks merged into Anthem, Inc in 2004. The company began trading under the ticker WLP.

In 2009, WellPoint sold its NextRX subsidiaries to Express Scripts for $4.65 billion.

In 2012 WellPoint acquired Amerigroup Corporation for $4.9 billion in cash.

Today WellPoint, Inc has almost 40,000 employees, is part of the S&P 500, and has over $60 billion in revenue each year.

 

 

 

Johnson & Johnson Corporate Office

The three Johnson brothers, Robert Wood, James Wood, and Edward Mead together created a line of ready-to-use surgical dressings in 1885.  They produced their first product the next year, and the company incorporated in 1887.

Johnson & Johnson started producing consumer products in the 1920s. The company created a separate division for surgical products in 1941. This division eventually became the pharmaceutical division.

Johnson & Johnson expanded into women’s sanitary products and toiletries in the 1970s and 1980s.

In recent years the company has diversified even further, into such areas as orthopedics, internet publishing, and biopharmaceuticals.

Johnson & Johnson’s most well-know brands are Band-Aid, Tylenol, Johnson’s baby products, Neutrogena, Clean & Clear, and Acuvue.

On December 31, 2012 the FDA approved Sirturo, the first new tuberculosis drug on the market in 40 years.

Today Johnson & Johnson has 250 subsidiaries with operations in 57 countries, sells products in 175 countries, is part of the S&P 500, has 118,000 employees, and had $65 billion in revenue in 2012.

Johnson & Johnson

The three Johnson brothers, Robert Wood, James Wood, and Edward Mead together created a line of ready-to-use surgical dressings in 1885.  They produced their first product the next year, and the company incorporated in 1887.

Johnson & Johnson started producing consumer products in the 1920s. The company created a separate division for surgical products in 1941. This division eventually became the pharmaceutical division.

Johnson & Johnson expanded into women’s sanitary products and toiletries in the 1970s and 1980s.

History

In recent years the company has diversified even further, into such areas as orthopedics, internet publishing, and biopharmaceuticals.

Johnson & Johnson’s most well-know brands are Band-Aid, Tylenol, Johnson’s baby products, Neutrogena, Clean & Clear, and Acuvue.

On December 31, 2012 the FDA approved Sirturo, the first new tuberculosis drug on the market in 40 years.

Today Johnson & Johnson has 250 subsidiaries with operations in 57 countries, sells products in 175 countries, is part of the S&P 500, has 118,000 employees, and had $65 billion in revenue in 2012.