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Miles Enterprises history
Miles Enterprises company history timeline
Doctor Miles' Medical Company, incorporated by Doctor Franklin Miles of Elkhart, Indiana in 1885, was the predecessor of Miles Laboratories.
During the mid-1920's pharmaceutical companies became increasingly interested in the possibilities of effervescence and in producing medicines in tablet form. "Hub" encouraged one of his research scientists to work on transforming Nervine into an innovative combination, an effervescent tablet.
After years of experimentation, Miles Laboratories achieved Hub's vision, and Alka-Seltzer was introduced to the marketplace in 1931.
Reliance on consumer products had diminished: they now accounted for less than one-half of sales (as opposed to three-quarters in 1961), and Alka-Seltzer generated only 13% of total sales volume.
By 1974 research and development and promotional spending for Morningstar products had reached $33.4 million.
Descendants of the founders continued to serve on the board, but from 1977 outsiders took an increasingly greater role in company management.
In 1984 Bayer arranged a contract between Miles and Genetic System Corporation, a biotech firm, that will allow Miles to manufacture and market monoclonal antibodies, products of genetic engineering.
Bayer's global research budget in 1986 amounted to an astronomical $750 million, and each of its American subsidiaries had access to this fund.
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Zippia gives an in-depth look into the details of Miles Enterprises, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Miles Enterprises. The employee data is based on information from people who have self-reported their past or current employments at Miles Enterprises. 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 Miles Enterprises. The data presented on this page does not represent the view of Miles Enterprises and its employees or that of Zippia.
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