Sterling Drug

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Sterling Drug
Sterling-Winthrop
Industry
Eastman Kodak (1988 to 1994)

Sterling Drug was an American based global pharmaceutical company

. It was also known as Sterling Winthrop, Inc., after the merger with Winthrop-Stearns Inc. which itself resulted from the merger of Winthrop Chemical Company Inc. and Frederick Stearns & Company. It was formerly known as Sterling Winthrop Pharmaceuticals.

Primary product lines included

and muscle relaxants.

Chemical compounds produced by this company were often known by their manufacturing code which consisted of the abbreviation WIN (for Winthrop) followed by a number. For example,

WIN 18,320 was nalidixic acid, the first quinolone antibiotic.[1]

History

1910s

The Company was established in 1901 (then called Neuralgyline Co.) in

Alien Property Custodian Act. In 1919, Sterling sold its dye division for $2.5 million to the Grasselli Chemical Company (based in Linden, New Jersey), which employed many former Bayer personnel.[3]

1920s

A 1920 agreement between Sterling and Bayer was about selling aspirin in the Latin American markets: the profit would be shared fifty-fifty, with Bayer supplying the pharmaceutical and selling mainly via Sterlings salesmen. In 1923, another momentous contract was negotiated: 50% of the profits earned by Sterling's subsidiary Winthrop Chemical, was given to the German Bayer company, which in turn granted licences for new drugs and supported with technical expertise how to produce them. Later, this was turned into a 50% share in ownership.

1940s

In 1940, a cross-contamination from equipment sharing resulted in Winthrop Chemical producing contaminated

Mollé Mystery Theatre[8] was a 30-minute anthology radio program that ran from 1943 to 1948 on NBC prior to its moving to the CBS network. The show, sponsored initially by Sterling Drugs, manufacturers of Mollé Brushless Shaving Cream, began airing on Tuesday evenings during prime time. In 1948, Mollé ceased sponsoring the program, and its title became Mystery Theater.[9][10]

1960s to 1970s

In 1967, Sterling Drug acquired Lehn & Fink, the makers of Lysol, Resolve, and d-CON. In 1974, Sterling opened a manufacturing plant in McPherson, Kansas and Aurora, Ontario. The various companies which would eventually acquire Sterling chose to keep the factory open.[citation needed]

1980s to 1990s

In 1988, Sterling was acquired by

diagnostic imaging business, which it sold to the Norwegian company Hafslund Nycomed AS for US$450 million.[14][15]

In August 1994, Kodak sold the remainder of Sterling Winthrop, including its

SmithKline Beecham for US$2.925 billion cash.[16] Bayer was a losing bidder for the purchase of Sterling Winthrop, but in September 1994, it purchased the over the counter division of Sterling Winthrop in the US, Canada and Puerto Rico from SmithKline Beecham for $1 billion. Bayer also re-acquired the brand rights to the "Bayer Aspirin" name it had lost because of World War I.[17]

Spinoffs from the sale of Sterling include

Reckitt Benckiser) at the time of the deal.[18]

Notable products

See also

References

  1. PMID 12702699
    .
  2. ^ Collins, Joseph; Gwilt, John (2000). "THE LIFE CYCLE OF STERLING DRUG, INC" (PDF). illinois.edu. Retrieved March 15, 2019.
  3. ^ "General Aniline Linden, New Jersey". Archived from the original on February 11, 2006. Retrieved August 13, 2007.{{cite web}}: CS1 maint: unfit URL (link)
  4. .
  5. ^ "Foreign Trade Strategies of I.G. Farben after World War I" (PDF). Archived from the original (PDF) on April 29, 2005. Retrieved August 13, 2007.
  6. ^ The New York Times. February 9, 1923. p. 24 (col. 1). {{cite news}}: Missing or empty |title= (help)
  7. ^ Pepling, Rachel S. (2005). "Phenobarbital". Chemical & Engineering News. 83 (25). Retrieved May 3, 2013.
  8. ^ "Molle Mystery Theatre". Archive.org. June 5, 2013. Retrieved March 1, 2019.
  9. .
  10. . Retrieved March 1, 2019.
  11. ^
    Bull. Hist. Chem.
    25 (1): 22–27.
  12. ^ Feder, Barnaby J. (January 25, 1988). "Kodak's Diversification Plan Moves Into a Higher Gear". The New York Times.
  13. ^ "Kodak to Sell Drug Unit for $1.68 Billion". Los Angeles Times. June 24, 1994. Retrieved May 3, 2013.
  14. ^ "health". Los Angeles Times. June 30, 1994. Retrieved May 3, 2013.
  15. ^ "Aspirin". Chemical & Engineering News. Retrieved August 13, 2007.
  16. ^ "Kodak to Sell Remaining Sterling Winthrop Unit : Drugs: SmithKline Beecham will buy the consumer health products business for $2.925 billion". Los Angeles Times. Associated Press. August 30, 1994. Retrieved May 3, 2013.
  17. ^ Olmos, David (September 14, 1994). "German Firm to Reclaim Bayer Aspirin Name : Drugs: It will acquire Sterling Winthrop's over-the-counter business and recover the rights it lost after WWI". Los Angeles Times. Retrieved May 3, 2013.
  18. ^ "Solid Player Leaps To Big Leagues With Lysol Buy". Chicago Tribune. September 30, 1994. Retrieved April 9, 2017.

Further reading