Pharmacia
Company type | Aktiebolag |
---|---|
Industry | Pharmaceutical |
Founded | 1911 |
Fate | Merged with Upjohn to form Pharmacia & Upjohn |
Headquarters | Sweden |
Pharmacia was a
History
Pharmacia company was founded in 1911 in Stockholm, Sweden by pharmacist Gustav Felix Grönfeldt at the Elgen Pharmacy.[1][2] The company is named after the Greek word φαρμακεία, transliterated pharmakeia, which means 'sorcery'. In the company's early days, much of its profits were derived from the "miracle medicine" Phospho-Energon.
During
Dextran-based products were to play a significant role in the further expansion of Pharmacia. In 1951, the company moved to
In 1995 the company merged with the American pharmaceutical company Upjohn, becoming known as Pharmacia & Upjohn and moved its headquarters to London.
In 1998, the company was divided into two business area. The pharmaceutical business became Pharmacia & Upjohn. The scientific instruments groups which sold chromatography resin, purification equipment, molecular biology reagents and electrophoresis products was purchased by Amersham in 1998 and was named Amersham Pharmacia Biotech. They later changed the name to Amersham Biosciences and ran their radiochemical and reagents business along with the highly profitable chromatography business. The Pharmacia Logo Drop remained as a highly recognized brand. Amersham Biosciences was sold to GE Healthcare in 2004 to become GE Healthcare Life Sciences. From 1 April 2020, GE Healthcare Life Sciences has been renamed in Cytiva, following the sale of GE Healthcare Life Sciences from General Electric to Danaher Corporation in a $21.4 billion acquisition.[citation needed]
Overview
The following is an illustration of the company's mergers, acquisitions, spin-offs and historical predecessors:
Pharmacia (Merged with Upjohn, 1995) |
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References
- ^ Företagsamheten.se: Pharmacia[permanent dead link], accessed on June 17, 2009 (in Swedish)
- ^ Elgen is old Swedish spelling for Älgen, which means "The Moose". Traditionally, almost all Swedish pharmacy shops have been named after animals.
- ^ Pharma-industri.se: Krig, socker och samarbete lade grunden till företag i världsklass Archived 2010-08-20 at the Wayback Machine ("War, sugar and cooperation laid the foundation for a world-class company"), accessed on June 17, 2009 (in Swedish)
- ^ Staff. News: Farmitalia bought by Kabi Pharmacia Archived 2016-04-20 at Wikiwix. Ann Oncol (1993) 4 (5): 345.