Sterling Drug

Sterling Drug is a pharmaceutical company that was established in the United States. It was founded in the year 1901 and has since been a significant contributor to the pharmaceutical industry. The company was initially known as Neuralgyline Co. and was later renamed to Sterling Products Inc., and finally to Sterling Drug.

History

Sterling Drug was founded by two pharmacists, Albert H. Diebold and William E. Weiss, in Wheeling, West Virginia. The company initially produced and marketed a headache remedy known as Neuralgine. In 1912, the company was renamed Sterling Products Inc. and began to diversify its product line.

In 1920, Sterling Products Inc. acquired United Drug Company, a consortium of drug companies. This acquisition significantly expanded Sterling's reach and product line. The company was renamed Sterling Drug in 1933.

Products

Sterling Drug has produced a wide range of pharmaceutical products throughout its history. Some of its most notable products include Bayer Aspirin, Phillips' Milk of Magnesia, and Panadol. The company has also been involved in the production of prescription drugs and over-the-counter medications.

Acquisition by Eastman Kodak

In 1988, Sterling Drug was acquired by Eastman Kodak for $5.1 billion. This acquisition was part of Eastman Kodak's strategy to diversify its business. However, the merger was not successful, and Eastman Kodak sold Sterling Drug to Sanofi in 1994.

Legacy

Despite its sale, Sterling Drug has left a lasting legacy in the pharmaceutical industry. The company's innovative products and business strategies have influenced many other pharmaceutical companies. Today, many of Sterling Drug's products are still available and continue to be used by consumers worldwide.