History of American Home Products

American Home Products Corporation (AHP) was founded in 1926 and has a history of continuous acquisitions of smaller companies that made proprietary medicines. In 1931, AHP purchased John Wyeth & Brother, Inc. from Harvard University. Another important acquisition was that of Canada's Ayerst Laboratories in 1943. Ayerst was a large pharmaceutical company that had introduced Premarin, the world's first conjugated estrogen product, and now the most widely prescribed product in the United States (ahp.com). In March of 1982, Sherwood Medical was acquired, enabling AHP to capture a share of the developing medical devices market. In 1984, Whitehall, an original member of AHP, started to market ibuprofen in the United States that was sold under the trademark Advil.

Lawyer John Stafford became CEO in 1986 and soon after he supervised the acquisition of Bristol-Meyer's animal health division and assimilated the new business into Fort Dodge, now......

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Title: American Home Products: A Pharmaceutical Empire
Approximate Word Count: 2398
Approximate Pages: 10 (250 words per double-spaced page)

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