On monday august 21, 1995 the merger between the upjohn company and pharmacia became public news the kalamazoo gazette had a special merger section and devoted two other sections on that day to merger information and local opinions after 109 years it was the end of the upjohn company.
Pharmacia & upjohn was a global pharmaceutical company formed by the merger of sweden-based pharmacia ab and the american company upjohn in 1995 today the remainder of the company is owned by pfizer in 1997, pharmacia & upjohn sold several brands to johnson & johnson, including motrin and cortaid.
In the second major drug merger in as many months, monsanto co and pharmacia & upjohn are combining to create the world's 11th largest pharmaceutical company the two companies signed an agreement sunday to merge their operations, which together had 1999 revenues of $17 billion, driven by sales of new treatments for arthritis and glaucoma.
Monsanto stockholders will exchange each of their shares for a share of the combined company in the transaction, described as a merger of equals without a premium for shareholders pharmacia shareholders will receive 119 shares for each of their shares, a 11% discount, based on friday prices. Pharmacia and monsanto 's boards approved a $27 billion merger of equals to transform the two midtier pharmaceutical concerns into a more formidable competitor in the drug industry shares of both companies fell.
The pharmacia-upjohn merger brings together two powerful groups of roughly equal size pharmacia is a niche drugs group specialising in drugs for growth hormones, cataract surgery and smoking.
The upjohn-pharmacia merger is clearly a catch-up most of the eight pharmaceutical companies that are larger -- companies like merck & company, bristol-myers squibb and american home products -- got that way in the last two years through mergers.