Glaxo
 File:Glaxo Factory, Bunnythorpe, New Zealand 03.JPG | |
 The Glaxo factory built in 1918, in Bunnythorpe, New Zealand, with the Glaxo Laboratories sign still visible. | |
Formerly | Joseph Nathan & Co. |
|---|---|
| ISIN | 🆔 |
| Industry | Pharmaceutical |
| Fate | Acquired by Burroughs Wellcome & Company |
| Successor | Glaxo Wellcome GlaxoSmithKline |
| Founded 📆 | 1873 in Wellington, New Zealand |
| Founder 👔 | Joseph Nathan |
| Defunct | 1995 |
| Headquarters 🏙️ | , , England |
Area served 🗺️ | |
| Products 📟 | Pharmaceutical products |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
Glaxo (legally Joseph Nathan & Co.) was an British pharmaceutical company active in 1873 to 1995, it was merged with Burroughs Wellcome & Company to form Glaxo Wellcome, later Glaxo Wellcome and SmithKline Beecham announced their intention to merge in January 2000 and completed in December 2000, creating GlaxoSmithKline.
History[edit]
Joseph Nathan and Co. was founded in 1873, as a general trading company in Wellington, New Zealand, by a Londoner, Joseph Edward Nathan.[1] In 1904, it began producing a dried-milk baby food from excess milk produced on dairy farms near Bunnythorpe. The resulting product was first known as Defiance, then as Glaxo (from lacto), and sold with the slogan "Glaxo builds bonnie babies."[2][3]:306[4] The Glaxo Laboratories sign is still visible (right) on what is now a car repair shop on the main street of Bunnythorpe. The company's first pharmaceutical product, released in 1924, was vitamin D.[3]:306
Glaxo Laboratories was incorporated as a distinct subsidiary company in London in 1935.[5] Joseph Nathan's shareholders reorganised the group's structure in 1947, making Glaxo the parent[6] and obtained a listing on the London Stock Exchange.[7] Glaxo acquired Allen & Hanburys in 1958. The Scottish pharmacologist David Jack was hired as a researcher for Allen & Hanburys a few years after Glaxo took it over; he went on to lead the company's R&D until 1987.[3]:306 After Glaxo bought Meyer Laboratories in 1978, it began to play an important role in the US market. In 1983, the American arm, Glaxo Inc., moved to Research Triangle Park (US headquarters/research) and Zebulon (US manufacturing) in North Carolina.[4]
In March 1995 Glaxo merged with Burroughs Wellcome & Company to form Glaxo Wellcome. Later, Glaxo Wellcome and SmithKline Beecham announced their intention to merge in January 2000, It was merger entity called GlaxoSmithKline. The merger was completed in December that year, forming GlaxoSmithKline (GSK).[8][9] The company's global headquarters are at GSK House, Brentford, London, officially opened in 2002, by then-Prime Minister Tony Blair. The building was erected at a cost of £300 million and as of 2002[update] was home to 3,000 administrative staff.[10]
References[edit]
- ↑ R. P. T. Davenport-Hines, Judy Slinn, Glaxo: A History to 1962, Cambridge University Press, 1992, pp. 7–13.
- ↑ David Newton, Trademarked: A History of Well-Known Brands, from Airtex to Wright's Coal Tar, The History Press, 2012, p. 435.
- ↑ 3.0 3.1 3.2 David J. Ravenscraft, William F. Long, "Paths to Creating Value in Pharmaceutical Mergers," in Steven N. Kaplan (ed.), Mergers and Productivity, University of Chicago Press, 2000.
- ↑ 4.0 4.1 Cite error: Invalid
<ref>tag; no text was provided for refs namedhistory - ↑ New "Glaxo" Company. The Times, Tuesday, 15 October 1935; pg. 22; Issue 47195
- ↑ J. Nathan And "Glaxo" Reorganization. The Times, Wednesday, 8 January 1947; pg. 8; Issue 50653
- ↑ Joseph Nathan & Co. The Times, Thursday, 20 February 1947; pg. 8; Issue 50690
- ↑ "The new alchemy – The drug industry's flurry of mergers is based on a big gamble". The Economist. 20 January 2000.
- ↑ Gershon D (May 2000). "Partners resolve their differences and unite at the second attempt". Nature. 405 (6783): 258. doi:10.1038/35012210. PMID 10821289.
- ↑ "Hall that glitters isn't shareholder gold". The Daily Telegraph. 15 July 2002.
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