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Andrx Corp history
Andrx Corp company history timeline
In January 1992 he started his own company, ASAN Labs, Inc., which in November 1992 he sold to Andrx after agreeing to work with Cohen and become Andrx’s chief scientist, as well as a director of the company.
In August 1992 he incorporated a new company, naming it Andrx Pharmaceuticals, Inc.
Instead, in July 1994 Andrx got a $6 million infusion of capital from Circa Pharmaceuticals Inc., which was purchased a year later by California-based Watson Pharmaceuticals Inc.
Also in 1996 Andrx established Cybear, a venture designed to serve as an Internet Service Provider and Application Services Provider for the healthcare industry.
In October 1998 it learned that it was being investigated by the Federal Trade Commission.
In October 1998 Andrx posted its first profitable quarter, and for the year the company produced a net profit of nearly $8.4 million on revenues of more than $247 million.
Andrx continued to submit ANDAs in 1998 and further engaged in litigation with pharmaceutical companies attempting to fend off generics.
Revenues for 1999 totaled nearly $476 million, and net profits jumped to more than $94 million.
In 2001 Andrx acquired CTEX Pharmaceuticals, a sales and marketing company; Armstrong Pharmaceuticals, makers of pharmaceutical aerosols; and the Entex line of cough and cold products.
To help bolster its manufacturing capabilities, Andrx in January 2003 bought a 500,000-square-foot, Morrisville, North Carolina plant for $28 million and made plans to invest another $85 million in upgrades.
September 2005: The company discloses the Food and Drug Administration has barred approval of future generics until the company corrects more than 100 deficiencies discovered during an FDA plant inspection four months earlier.
"Andrx Corporation ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/andrx-corporation
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Andrx Corp competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Dicerna Pharmaceuticals | 2007 | $164.3M | 302 | - |
| KV Pharmaceutical | 1942 | $91.0M | 7,500 | - |
| Ivax Research | 1987 | $2.2B | 10,100 | - |
| Alpharma | 1975 | $350.0M | 2,000 | - |
| West-Ward Pharmaceuticals | 1946 | $150.0M | 249 | 64 |
| Par Pharmaceutical Inc | 2003 | $260.0M | 400 | - |
| ALZA Corporation | 1968 | $200.0M | 10,000 | - |
| Watson Pharma Pvt Ltd | 1984 | $5.9B | 21,600 | - |
| Mallinckrodt | 1867 | $1.0B | 3,400 | 127 |
| Virbac | 1968 | $1.1B | 4,899 | 39 |
Andrx Corp history FAQs
Zippia gives an in-depth look into the details of Andrx Corp, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Andrx Corp. The employee data is based on information from people who have self-reported their past or current employments at Andrx Corp. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Andrx Corp. The data presented on this page does not represent the view of Andrx Corp and its employees or that of Zippia.
Andrx Corp may also be known as or be related to Andrx, Andrx Corp and Andrx Corporation.