About Wyeth

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Title Wyeth
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Wyeth, formerly known as American Home Products (AHP), was one of the largest pharmaceutical companies in the world. The company is based in Madison, New Jersey, USA. They are known for manufacturing the over-the-counter (OTC) drugs Robitussin and the analgesic Advil (ibuprofen), as well as the prescription drugs Premarin and Effexor, which both boast over US$3 billion in sales annually. On January 23, 2009 The Wall Street Journal reported that Pfizer was in talks to buy Wyeth at a cost around US$68 billion. On January 25, Pfizer agreed to the purchase, a deal financed with cash, shares and loans. The deal was completed on October 15, 2009. In 1860, pharmacists John and Frank Wyeth opened a drugstore with a small research lab on Walnut Street in Philadelphia. In 1862, on the suggestion of doctors, they began to manufacture large quantities of commonly ordered medicines. They were successful, and in 1864 they began supplying medicines and beef extract to the Union army during the Civil...
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