Purdue Pharma
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Native name
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Purdue Pharmaceuticals L.P. |
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| Private | |
| Industry | Pharmaceuticals |
| Founded | New York, New York, USA (1892) |
| Founders | John Purdue Gray George Frederick Bingham |
| Headquarters | Stamford, Connecticut, USA |
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Key people
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Mark Timney (President & CEO) |
| Website |
purduepharma |
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Footnotes / references |
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Purdue Pharma L.P. is a privately held pharmaceutical company founded by physicians and now based in Stamford, Connecticut, USA. In its early years, Purdue was known for its antiseptic product, Betadine Solution, and its Senokot laxatives. Today, it is best known for its pain treatment products, such as MS Contin and OxyContin, but it has also branched into other areas such as oncology and nutraceuticals.
Purdue Pharma is a privately held company, founded in 1892 by doctors John Purdue Gray and George Frederick Bingham in New York, New York (USA), as the Purdue Frederick Company.
In 1952, the company was sold to two more doctors, Raymond and Mortimer Sackler, who relocated to the business to Yonkers, New York. In the intervening years, the company has opened further offices in New Jersey and Connecticut. The headquarters are in Stamford, Connecticut.
The current company, Purdue Pharma L.P., was constituted in 1991 and focuses on pain management medication, calling itself a "pioneer in developing medications for reducing pain, a principal cause of human suffering". In September 2015, the company's website said it has some 1,700 people on its payroll.
In September 2015 the company announced it would acquire VM Pharma, gaining access to worldwide development and commercial rights to an allosteric selective tropomyosin receptor kinase inhibitor program – specifically the Phase II candidate VM-902A. The deal could generate more than $213 million for VM Pharma.
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Wikipedia