“Allergan Inc. is a global, technology-driven multi-specialty health care company pursuing therapeutic advances to help patients live life to their fullest potential” (Allergan.com) that has been around for more than 60 years. The founder of this company was Mr. Gavin S. Herbert, he was a successful drug store owner. He and a close friend Stanley Bly came up with a nose spray antihistamine for allergy relief, it was named Allergan Nasal Drops. The product was reformulated to become the first ever antihistamine eye drop. Allergan Pharmaceuticals, Inc. was established in 1950. In 1957 he turned the company of to his son Gavin Herbert, Jr. he was able to create new products during his time with the company, but in the mid 1990’s the helm was turned over to Mr. David Pyott who is currently the CEO, Chairman of Board and President of the company. He has been with this company since Jan. 1998. He has worked in the nutrition and health field for over 30 years. He uses the Motto: “Our Pursuit. Life Potential.” (allergan.com; a letter from David) The company philosophy: “At Allergan, bringing the best of medicine to life is more than a promise. It is a commitment we have kept for more than 60 years” “The company today is a global, multi-specialty health care company with leading portfolios in eye care, neurosciences, medical dermatology, medical aesthetics, obesity intervention and urologics” (allergan.com)
“Hospira is the world’s leading provider of injectable drugs and infusion technologies. Through its broad integrated portfolio, Hospira is uniquely positioned to Advanced Wellness by improving patient and caregiver safety while reducing healthcare costs.” Hospira has 70 years of hospital backing. Although Hospira has been in the works since 1936 Hospira actually became an individual company and started trading on the Stock Market in May of 2004, it is a spin-off company of Abbott Laboratories. The company was founded by Dr. Wallace C. Abbott in his kitchen in the 1880’s. Dr. Abbott was also the founder of Abbott Laboratories which is where tests, trials and development took place for the next couple decades for Hospira. Today F. Michael Ball is the CEO of Hospira, he has been in the healthcare industry for over 25 years and with Hospira since March 2011. Previously he held several positions at Allergan, he was employed there 16 years. He also worked at Syntex