Wyeth

Pharmaceutical and consumer health care company.

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Headquarters:
5 Giralda Farms
Madison, NJ 07940
Employees: 49,700
CEO: Robert Essner
Stock Symbol: WYE

Website: http://www.wyeth.com

Career Site

Wyeth is one of the nation's top pharmaceutical companies specializing in new medicines, consumer healthcare products and animal care products sold in more than 140 countries.

Wyeth is a pioneer in new drugs to treat women's health with medicines for postmenopausal hormone therapies and oral contraceptives. It also develops medicines for treatments of immunology, musculoskeletal, hemophilia and infectious disease. With research and development (R&D) programs focused on small molecules, vaccines and biotechnology, Wyeth is exploring more than 60 new therapies for medical conditions such as diabetes, breast cancer, multiple sclerosis, HIV, Alzheimer's disease and schizophrenia.

Three products made by Wyeth - Advil, Centrum, and Robitussin - are among the top 20 non-prescription medicines in the world. Other key brands include ChapStick, the Caltrate family of calcium supplements, Alavert, Preparation H, Dimetapp, and Solgar vitamins and nutritional supplements.

In 2005, Wyeth reported total revenues of $18.7 billion and net income of $3.6 billion. The company spends over $2 billion on research and development annually.

History

In 1860, John Wyeth and his brother Frank founded a drug store with research lab in Philadelphia. Both had attended the Philadelphia College of Pharmacy. The Wyeth brothers would manufacture medicines in large quantities and publish their first catalog of drugs for wholesale distribution in 1862.

American Home Products Corporation was founded in 1926 and would purchase Wyeth in 1930.

Wyeth would develop vaccines to ward off diseases like smallpox, leading to its eradication in 1979.

In 2002, American Home Products changes its name to Wyeth to renew its focus as a pharmaceutical company.

The drug Advil would win FDA approval in 2003 as a medicine to fight allergies.

Benefits

Benefits provided by Wyeth include the traditional offerings plus a variety of other programs that employees may participate in, including a savings plan, child care subsidies, flex time, educational assistance, and professional development programs. Stock options are offered to eligible employees.

Updated October 17, 2006

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