Everything about Intervet totally explained
Schering-Plough Corporation is a
pharmaceutical company founded in 1851 by
Ernst Schering as
Schering AG in
Germany. Following the entry of the
United States into
World War II in 1941, U.S. President
Franklin Delano Roosevelt ordered
Schering AG's U.S. assets be seized. These became Schering Corporation. The company was placed under a government administratorship until 1952, when it was released and its assets sold to the private sector. In 1971, the Schering Corporation merged with
Plough to form
Schering Plough.
Today
Schering Plough manufactures several pharmaceutical
drugs, the most well-known of which are the
allergy drugs
Claritin and
Clarinex, and through a collaboration with
Merck & Co.,
Vytorin, an anti-
cholesterol drug.
Schering Plough also owns and operates the major
foot care brand name
Dr. Scholl's and the
skin care line
Coppertone.
As of June 2005, Schering Plough has 1.4% market share in the U.S., placing it at #17 in the top 20 pharmaceutical corporations by sales compiled by
IMS Health.
One of their plants, in
Upper Hutt, New Zealand is the largest single site for the production of veterinary
vaccines in the world. This is largely due to the fact that
New Zealand's isolation has formed a natural
quarantine and is free of
rabies,
foot and mouth,
scrapie,
bovine spongiform encephalopathy and many other livestock diseases. It formerly had
echinococcosis, but this has been eradicated. The site is known locally as "Coopers Animal Health," a trademark still in use by Schering Plough in Australia, but not elsewhere.
History
Plough, Inc was founded by Memphis area entrepreneur Abe Plough in 1908
(External Link
). He borrowed $125 from his father to start the business at age 16. As a one man business, he mixed "Plough's Antiseptic Healing Oil," a "sure cure for any ill of man or beast," and sold it off a horse drawn buggy
(External Link). He grew the company through sound management and innovative strategies, with marketing genius. Acquisitions included St Joseph's Aspirin for children
(External Link),
Maybelline, and Coppertone (
Coppertone girl). Plough also had a broadcasting division, operating radio stations in Atlanta, Baltimore, Boston, Chicago and Memphis. At the time of the merger, Abe Plough, still active in the business, became Chairman of the combined company
(External Link).
In 2000, Schering Plough bought a new campus in
Summit, New Jersey from
Novartis. The company plans to make this location its second largest corporate complex in the world after its current $20 million renovation.
Schering-Plough was named one of the 100 Best Companies for
Working Mothers in 2004 and 2005 by
Working Mothers magazine.
In March 2007, Schering-Plough Corp. purchased
Organon, the drug unit of Netherlands-based Akzo Nobel, for $14.4 billion, giving the US pharmaceutical company an array of women's health products and numerous late-stage pipelines of experimental medicines. Moreover, Schering-Plough will bolster its animal health business with Akzo subsidiary Intervet and gain access to human vaccine production through subsidiary Nobilon.
Organon was founded in 1923 by Dr. Saal van Zwanenberg, the president of Zwanenberg’s Slachterijen en Fabrieken. The company is housed at Zwanenberg’s premises in Oss, the Netherlands.
Products (Medical)
Prescription products
Over-the-counter products
Afrin - A nasal spray decongestant
Chlor-Trimeton
Claritin (loratadine) - An antihistamine which has less risk of causing drowsiness
Coricidin - A palliative remedy for the common cold, targeted towards individuals with high blood pressure
Drixoral
Products (Veterinary)
Home Again Pet Recovery System - HomeAgain is an advanced pet identification and retrieval system.
Zubrin - A non-steroidal anti-inflammatory drug (NSAID) for the treatment of osteoarthritis in dogs.
Mometamax - Is indicated for the treatment of canine acute externa and chronic otitis externa associated with yeast (Malassezia pachydermatis, formerly Pityrosporum canis)and/or bacteria susceptible to gentamicin. It contains the strongest steroid (Mometasone Furoate) in Veterinary Medicine.
Eclipse Vaccines - Attenuated modified live feline vaccines available in a multitude of antigen combinations.
Galaxy Vaccines - Canine vaccines available in a multitude of antigen combinations.
Optimmune - Ophthalmic ointment (cyclosporin) for the treatment of Pannis and Keratoconjunctivis sicca in dogs.
Orbax - Trade name for orbifloxacin, a fluoroquinolone.
Otomax - Is indicated for the treatment of canine acute externa and chronic otitis externa associated with yeast (Malassezia pachydermatis, formerly Pityrosporum canis)and/or bacteria susceptible to gentamicin. It contains betamethasone valerate as an anti-inflammatory.
Banamine - A non-steroidal anti-inflammatory drug (NSAID) used in horses, cattle and swine in different parts of the world.
Estrumate - A synthetic prostaglandin used in reproduction of cattle.
Trivetrin - Trimethoprin sulfate for the treatment of cattle and swine.
Nuflor
Controversy
In 2004, Schering-Plough was accused of violating public trust. (External Link)
Schering-Plough entered into a Consent Decree with the FDA on March 6th 2002 due to manufacturing issues with its albuterol inhaler. It was ordered to pay $500 Million USD as follows; Schering-Plough Corporation agrees to pay one hundred seventy-five million dollars ($175,000,000.00) to the United States Treasury no later than ten (10) days after the date of entry of this Decree. Schering-Plough Products, LLC agrees to pay seventy-five million dollars ($75,000,000.00) to the United States Treasury no later than ten (10) days after the date of entry of this Decree. With respect to the remaining two hundred and fifty million dollars ($250,000,000.00), one hundred seventy-five million dollars ($175,000,000.00) shall be paid by Schering-Plough Corporation and seventy-five million dollars ($75,000,000.00) shall be paid by Schering-Plough Products, LLC, to the United States Treasury no later than three hundred sixty-five (365) days after the date of entry of this Decree.
It was also ordered to complete a rigorous series of inspections by a 3rd party inspector, in this case LCS, by 2006.
Further Information
Get more info on 'Intervet'.
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