How much did Pfizer pay for Warner-Lambert?
Early yesterday, as expected, Pfizer announced that it would buy the Warner-Lambert Company for $90.27 billion in stock. The combined company, which will be called Pfizer, becomes the second-largest drug company in the world.
Did Pfizer buy Warner-Lambert?
After months of hostile exchanges, Pfizer announced it was buying Warner-Lambert for about $90 billion in stock in February 2000. Pfizer’s motivation: Warner-Lambert’s now mega-blockbuster drug Lipitor, Chemical & Engineering News noted in 2002. The companies were co-promoting the drug at the time.
When did Pfizer buy Lipitor?
Here, for reference, is Pfizer stock versus the S&P 500 since the merger was completed in June 2000.
Is Warner-Lambert still in business?
Warner–Lambert was an American pharmaceutical company….Warner–Lambert.
| Industry | Pharmaceutical |
|---|---|
| Defunct | 2000 |
| Fate | Acquired by Pfizer in 2000 |
| Headquarters | Morris Plains |
| Parent | Pfizer |
What drugs did Parke-Davis make?
In the first half of the 20th Century, Parke-Davis introduced a number of breakthrough products, including the first bacterial vaccine, a pure form of adrenaline, and Dilantin ® (phenytoin) , the first widely available treatment for epilepsy and seizure. Dilantin ® remains a valuable therapy against convulsions.
Does Pfizer own Listerine?
Originally marketed by the Lambert Pharmacal Company (which later became Warner–Lambert), Listerine has been manufactured and distributed by Johnson & Johnson since that company’s acquisition of Pfizer’s consumer healthcare division on December 20, 2006.
Did Pfizer own Listerine?
With Warner-Lambert, Pfizer gained product lines ranging from Parke-Davis branded pharmaceuticals to Listerine mouthwash to Schick and Wilkinson Sword wet-shave products.
What did Warner-Lambert make?
The Warner-Lambert Co. manufactures and markets pharmaceutical, consumer health care, and confectionery products, including such popular brands as Listerine antiseptic mouthwash, Chiclets gum, Halls lozenges, Certs mints, Rolaids antacids, and Schick razors.
Is Parke-Davis still in business?
Parke-Davis is a subsidiary of the pharmaceutical company Pfizer. Although Parke, Davis & Co. is no longer an independent corporation, it was once America’s oldest and largest drug maker, and played an important role in medical history.
What was Listerine originally used for?
Joseph Lawrence modernized surgical sterilization practices and established the iconic company Johnson & Johnson. In 1879, Dr. Lawrence created Listerine – a mouthwash used for cleaning mouths and sterilizing surgical wounds.
What happened to Parke-Davis?
In 1970 Parke-Davis was bought by Warner-Lambert, the merger completed in 1974. It is now a subsidiary of Pfizer, which acquired Warner-Lambert in 2000.
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