Hoechst AG
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Hoechst AG was a German life-sciences company that became Aventis after its merger with Rhône-Poulenc S.A. in 1999. It has been called "The pharmacy of the world" due to its important role in the world's drug market.
History
Hoechst had been a part of the German industrial conglomerate IG Farben, which had a slave labour chemical complex beside the death camp Auschwitz during World War II. The company was founded in Frankfurt, Germany, on December 7, 1951. At its founding, its name was Farbwerke Hoechst Aktiengesellschaft vormals Meister Lucius & Brüning. The original capitalization of the company was 100,000 Deutsche marks.1987 - Hoechst acquired the American chemical company Celanese and formed a new Hoechst subsidiary in the US, Hoechst Celanese.
1994 - The U.S. National Right to Life Committee announced a U.S. boycott of all Hoechst pharmaceutical products including Altace.
1994 (September 17) - Pharmacists For Life International joins the international boycott, "...against the American subsidiary of Hoechst, AG Hoechst-Roussel, Hoechst-Celanese, its generic subsidiary Coply Pharmaceuticals and the agricultural Hoechst subsidiary" while asking U.S. consumers to "focus on key Hoechst drugs which have the most economic impact rather than taking an across-the-board shotgun approach" and specifically listing Altace as a boycott list item.http://www.iclnet.org/pub/resources/text/ProLife.News/1994/pln-0419.txt
1995 - Hoechst mergers with Marion Merrill Dow of Kansas City, Missouri forming U.S. subsidiary Hoechst Marion Roussel (HMR). Altace was bringing in under $90 million in revenues for Hoechst and Hoechst had stopped promoting Altace within the United States.http://www.forbesimg.com/forbes/2002/1028/136_print.html
1995 - The King Pharmaceuticals President Jefferson "Jeff" Gregory first begins negotiations with Hoechst to acquire U.S. distribution rights to Altace.http://www.forbesimg.com/forbes/2002/1028/136_print.html
1997 - Hoechst underwent a realignment wherein its various businesses were transferred to independent companies, including Nutrinova.
1997 (April 2) - The anti-abortion group Concerned Women For America announces at a National Right To Life Committee press briefing at the National Press Club that the anti-RU486 boycott against the U.S. subsidiaries of Hoechst AG & Roussel Uclaf by the NRTLC "...will be more narrowly focused onto the HMR prescription drugs Allegra, Cardizem, Seldane, Claforan, Lasix, DiaBeta, and Nicoderm" - and Altace is auspiciously no longer included by Concerned Women For Americas as a boycotted Hoechst Marion Roussel product.http://www.cwfa.org/articledisplay.asp?id=1317&department=CWA&categoryid=life
1998 (December 18) - The King Pharmaceuticals wholly-owned subsidiary Monarch Pharmaceuticals, Inc. acquires ownership of U.S. distribution rights to Altace and other Hoescht products from Hoescht AG subsidiary Hoechst Marion Roussel of Kansas City, Missouri.http://www.custservices.com/news.asp?up=8
1999 (December 7) - Hoechst and Rhone-Poulenc Settle Federal Trade Commission charges that merger would violate U.S. antitrust laws;
1999 - Aventis was formed when Hoechst AG merged with Rhône-Poulenc S.A. The merged company was based in Strasbourg, France. As part of the merger, the company demerged many of its industrial businesses into Celanese, which became an independent company again.
Aventis Prizes
The Aventis Prizes for Science Books (formerly Hoechst Prizes), which celebrate the very best in popular science writing for adults and children, have grown to be one of the world's most prestigious non-fiction literary prizes.The Aventis Prizes are managed by the Royal Society, the UK national academy of science, and the Aventis Foundation, a German charitable trust established in 1996 as the Hoechst Foundation with an endowment of €50 million. In 2000 the foundation was renamed the Aventis Foundation subsequent to the 1999 merger of Hoechst and Rhône-Poulenc.
References
- http://www.celanese.com/index/about_index/company-profile/company-profile-history.htm. Retrieved July 24, 2005.
- http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/06-17-1999/0000965798&EDATE=. Retrieved July 24, 2005.
- ["Faith Healers: The born-again Gregory brothers worked a financial miracle from cast-off drug brands." Forbes. Zina Moukheiber. October 28, 2002.]
- ["Monarch Pharmaceuticals acquired." sanofi-aventis Group. December 18, 1998.]
- ["Pharmacists For Life Joins International Boycott." Life Communications, vol. 4, no. 19. November, 1994.]
- ["Boycott of New Drug 'Allegra' Aimed at Protecting Women & Children From Dangers of RU-486." Concerned Women For America. April 2, 1997.]
External links
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