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Two important drugs in the antibiotic field that are produced by the company today are Lincocin, an antibiotic useful for patients who are allergic to certain other antibiotics, and Cleocin Phosphate, an injectable form of clindamycin used in the treatment of life-threatening anaerobic infections. Depo-Provera was also approved for the treatment of advanced uterine cancer, and a 1975 study revealed that doctors had prescribed the drug as a contraceptive for some 10,000 women in that year alone.
That year, the company became one of the world's top three pharmaceutical advertisers, primarily on the $50 million Rogaine push. An important factor in Upjohn's prosperity was the success of its anti-anxiety agent, Xanax, whose sales increased 85 percent in 1985 from $82.2 million to $152.4 million.
Dr. Upjohn was also dedicated to improving working conditions for his employees. The direct campaign brought success for Rogaine (sales increased by more than one-third from 1989 to 1990), but criticism from the FDA, which disapproved of Upjohn's promotional leapfrog over physicians.
The historical stock information is provided by Mergent, a third party service, and Comcast does not maintain or provide information directly to this service.
UPJOHN Stock Quote Volume Open Day's Low Day's High 52 Wk Low 52 Wk High Bid Ask EPS PE Ratio Shares Market Cap Dividend Ex-Div Date Yield 1 day 5 days 10 days 1 month 3 months 6 months 1 year The company also voluntarily offered a flat rebate to Medicaid programs. In 1992 the company brought out a reformulated version of Micronase called Glynase PresTab. On July 21, 2020, PFE opened at $36.94, traded as high as $37.08 and as low as $36.52, and closed at $36.69. The company received FDA approval of eight New Drug Applications in 1992, and its promising new drug Freedox entered Phase III trials in the United States, Canada, Europe, Australia, and Israel. He served as Kalamazoo's first mayor under a commission-city manager style of government, which he had played a critical role in establishing.
Unfortunately, the drug was scheduled to lose its United States patent in October 1993. Monsanto was founded in 1901, and saccharine was its first product. In 1903 the company shortened its name to The Upjohn Company. A number of new hormones now available, including the injectable contraceptive Depo-Provera, were made possible by Upjohn's international initiatives. By 1924 the extremely popular wafers were bringing in $795,000 a year, or 21 percent of Upjohn's sales revenue. Studies conducted in the 1970s, however, linked the drug with heart disease, and its use was subsequently discouraged by the National Institute of Health. Symbol: PHABF, Name: Pharmacia Corp., Title: Pharmacia Corp. (PHABF) Historical Prices Despite these setbacks, Upjohn's financial situation during the 1980s was good, with retained earnings and dividends increasing steadily between 1979 and 1985.
The image of Dr. Upjohn's thumb crushing a pill eventually became a trademark of the Upjohn Pill and Granule Co., founded in Kalamazoo in 1886 by Upjohn and his brother Henry.
By 1984 the companies had extended their battle by producing over-the-counter ibuprofen pills Nuprin and Advil.
Phimedix (PHM) stock price, charts, trades & the US's most popular discussion forums. The approval was expected to increase the hydrocortisone business by at least one-fourth. A more intriguing possibility is the spin-off of Pfizer's Upjohn unit. In order to maintain a measure of the sales that Upjohn expected to lose to generic competitors, the company signed agreements with Geneva Pharmaceuticals, Inc., for the smaller company to market generic versions of the drugs.
Manufactured in a powder form that can be swallowed, Gelfoam is used to stop hemorrhaging that occurs in the digestive tract.
Depo-Provera Contraceptive Injection was finally approved for contraceptive use by the USFDA in 1992.
Prices display split-adjusted cost basis per share on that date. The drug had brought in over $400 million by the end of the decade, when its sales peaked. Minoxidil, or Rogaine (as the drug was eventually branded) brought Upjohn much publicity in the late 1980s and early 1990s.
A substance made from beef bone gelatin, Gelfoam is a porous, sponge-like material which, when used during surgery, absorbs many times its volume in fluid and is itself absorbed by body tissues. In 1989, after three years of disappointing sales, Upjohn began to sidestep traditional pharmaceutical marketing strategies and go directly to the consumer with an information campaign. Dr. Heyl proved to be a sound investment for Upjohn.