In late December 1998, King Pharmaceuticals (d.b.a.
marketing and distribution agreement between King Pharmaceuticals/Monarch Pharmaceuticals and Hoechst AG/HMR. subsidiary Monarch Pharmaceuticals brand following the 1998 U.S. market under the King Pharmaceuticals, Inc. to reintroduce the Hoechst branded prescription drug Altace back into the U.S. The bulk of Gregory's personal fortune was due in large part due to the ability of King Pharmaceuticals, Inc. In 2001, Forbes magazine ranked John Gregory among the 400 richest Americans. distribution and marketing rights to Altace and other Hoechst products from Hoechst AG subsidiary Hoechst Marion Roussel of Kansas City, Missouri on December 18, 1998, and following a January 1999 merger a few weeks later with Rhône-Poulenc, Hoechst assumed the new corporate identity of Aventis). (another brother of John Gregory - Joseph Gregory - was then the president of Monarch Pharmaceuticals) acquired ownership of the U.S. The King Pharmaceuticals wholly owned subsidiary Monarch Pharmaceuticals, Inc. revenues for HMR and Hoechst had stopped promoting Altace within the United States., and King Pharmaceuticals President Jefferson "Jeff" Gregory also began negotiations in 1995 with Hoechst to acquire U.S. Altace was bringing in under $90 million in U.S. pharmaceutical subsidiary Hoechst Marion Roussel (HMR). Hoechst merged with Marion Merrill Dow of Kansas City, Missouri in 1995, forming the Hoechst U.S.
marketing and distribution rights to Altace The King Pharmaceuticals subsidiary Monarch Pharmaceuticals acquired one of its most profitable branded drugs, Altace, later the same year on Decemfrom Hoechst Marion Roussel. King Pharmaceuticals obtained about twenty smaller branded drugs from the start up of the company until it went public in June 1998. By December 1998 King had placed its sterile products business into a subsidiary it named Parkedale Pharmaceuticals. In February 1998, King acquired 15 branded pharmaceuticals, a sterile products manufacturing facility located in Rochester, Michigan that it called the "Parkedale Facility") and some contract manufacturing contracts. King initially manufactured drugs for other pharmaceutical companies, but soon established a strategy of acquiring branded prescription drugs, which have a much higher gross margin than contract manufactured drugs. The 500,000-square-foot (46,000 m 2) facility was purchased for $1.18 million from RSR Pharmaceutical, who had been using it after Beecham merged with SmithKline. In January 1994, King acquired a former King College campus plant in Bristol, Tennessee. King Pharmaceuticals was founded in 1993 John M. and Monarch Pharmaceuticals Ireland Limited. King Pharmaceuticals Research and Development, Inc. Securities and Exchange Commission, the wholly owned subsidiaries of King Pharmaceuticals, Inc. Form 10-K for the year ended Decemfiled with the U.S. According to the King Pharmaceutcals, Inc. was incorporated in the State of Tennessee in 1993. They employed approximately 2,700 people including a sales force of over 1,000 individuals. Petersburg, Florida and Middleton, Wisconsin. King Pharmaceuticals operated manufacturing facilities in Bristol, Tennessee Rochester, Michigan St. King produced a wide range of pharmaceuticals, including Altace for heart attack prevention, Levoxyl for hypothyroidism, Sonata, a sleeping aid, and Skelaxin, a muscle relaxant. On October 12, 2010, King was acquired by Pfizer for $14.25 per share. Before being acquired by Pfizer, it was the world's 39th largest pharmaceutical company. King Pharmaceuticals, is a pharmaceutical company, a wholly owned subsidiary of Pfizer based in Bristol, Tennessee.
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