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Wyeth: Wyeth Pharmaceuticals
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Wyeth is a global pharmaceutical research and manufacturing company. It develops and markets traditional pharmaceuticals, vaccines, and biotechnology products that serve both human and animal health care. It has strong product lines in both prescription medications and in consumer health products, including over-the-counter (OTC) medications and nutritional supplements. Wyeth markets its products in more than 140 countries, and has manufacturing facilities on five continents. During the 1990s, Wyeth--which at the time was called American Home Products (AHP)--began selling off the wide-ranging businesses it had acquired over the years, retaining a focus on medicine and pharmaceuticals. In 2002, the company changed its name from American Home Products to Wyeth.
Wyeth is one of the world's largest research-driven pharmaceutical and health care products companies with 52,000 employees and revenues of $14.5 billion. Wyeth is a leader in pharmaceuticals, vaccines, biotechnology products, and nonprescription medicines that improve the quality of life for people worldwide. The company has some of the world's best-known consumer health care brands, including Advil*, Centrum* and Robitussin*.
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Wyeth Pharmaceuticals, a division of Wyeth, has leading products in the areas of women's health care, cardiovascular disease, central nervous system, inflammation, hemophilia, oncology and vaccines. Wyeth is one of the world's largest research-driven pharmaceutical and health care products companies. It is a leader in the discovery, development, manufacturing, and marketing of pharmaceuticals, vaccines, biotechnology products and nonprescription medicines that improve the quality of life for people worldwide. The Company's major divisions include Wyeth Pharmaceuticals, Wyeth Consumer Healthcare and Fort Dodge Animal Health.
* Wyeth wrongly presumes that FDA's authority extends completely across every facet of the practice of compounding. This is incorrect; pharmacy compounding is a wholly distinct practice and is not subject to the same requirements as manufacturing. Since the Food, Drug, and Cosmetic Act of 1938 passed, compounding has been regulated by state boards of pharmacy, not the FDA. In fact, because compounded bioidentical hormone replacement therapies are prepared to meet patients' individual needs, they are inherently incompatible with the FDA's years-long new drug approval process required of manufactured pharmaceuticals.
In 1951, Wyeth launched Antabuse, a drug for the treatment of alcoholism, as well as the antihistamine Phenergan. Ansolyen was launched the next year as a high blood pressure medication. The anticonvulsant Mysoline was introduced in 1954. Other drugs introduced during this time include Isordil, a vasodilator for treatment of angina, Dryvax, a freeze-dried smallpox vaccine, and Ovral, a combined oral contraceptive pill. Pharmaceuticals were generating an ever-increasing percentage of Wyeth's sales.
Wyeth is perhaps best known for its estrogen-replacement drug Premarin, but the company ... manufacturers a wide range of other pharmaceuticals, over-the-counter drugs, nutritional supplements, and animal health care products. Animal testing conducted by Wyeth may be expressly required by government regulations (e.g., FDA testing requirements for pharmaceuticals), or it may be a voluntary activity on the company’s part to establish the safety of its products.
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