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Forest Pharmaceuticals Inc company history timeline

1967

Forest, which went public in 1967, continued to enjoy the greatest amount of success in its core drug development business.

1984

1984: Forest significantly boosts its sales force with the purchase of O'Neal, Jones & Feldman Inc.

1986

1986: Company purchases Aerobid, an antiasthma drug.

1989

In 1989, for instance, Forest acquired UAD Laboratories for $33 million in stock.

1991

Sales increased to $176 million in 1991 as income leapt to approximately $40 million.

1995

Late in 1995 Forest licensed the United States rights for Tiazac from Biovail Corporation, a Toronto firm.

1998

The FDA approved Celexa in July 1998.

2000

Sales during fiscal 2000 totaled less than $5 million.

2001

In October 2001 the company submitted a new drug application (NDA) to the FDA for lercanidipine, another hypertension treatment, which was licensed from Recordati S.p.A., a privately held Italian firm.

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Founded
1954
Company founded
Headquarters
Saint Louis, MO
Company headquarter
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