The Bayer Corporation was founded in Friedrich Bayer in 1863. The company’s first product was aspirin and it was widely successful and is still sold today. Their next major drug the company produced was diacetylmorphine, also known as heroin. Bayer trademarked the name ”heroin” and sold the drug as a cough suppressant and non-addictive alternative to morphine in the early 1900s. Now the company is a multinational, pharmaceutical and life sciences company based out of Leverkusen, Germany. They handle
component of many CDs, CD-ROMs, and DVDs. Recently it has also been adapted for blue-ray discs. Bayer Polymers did not pursue an ingredient branding strategy until 2000, when it began marketing Makrolon as a brand in its own right and bringing it into the public eye (see Exhibit VI-1). Prior to this, it was largely unknown to consumers and only marketed to businesses as an application chemical. Bayer has had little difficulty in finding ingredient branding partners to use and process EXHIBIT
chemical company Wanhua, which is located in China, only sells the B-component and is therefore not a competitor for BASF regarding the A-component and polyurethane. Hence, the main competitors of BASF are Dow, Bayer and Huntsman (Coenen, 2014). In Western Europe, the German company Bayer is BASF’s biggest competitor as similar or even the same products are offered. The company produces chemical products
the Winthrop Chemical Company Inc.. The company was a 50/50 joint venture of Sterling-Winthrop, also known as Sterling Drug, and I.G. Farben, a conglomerate formed in 1926 through the merging of eight leading German chemical manufacturers including Bayer, a German chemical and pharmaceutical company. [6, 13] I.G. Farben was notorious for its role in the Holocaust as it was involved in many war crimes. The company produced large quantities of Zyklon B, a cyanide-based pesticide, necessary for the gas
Take Home Exam Questions Question 1 When ChemUnity.com began, Herman Rijks was a 37 year old, Masters of Science graduate from the Technological University of Delft, Netherlands. He was born in South Yemen and grew up in Africa. Rijks had experience in green-field chemical distribution start-ups, and general management experience in various chemical companies. He worked for HCI, a chemical company for three years, and prior to ChemUnity.com, he was part of the HCI corporate e-commerce task force
The Pharmaceutical Industry 1. Origins and Evolution The modern pharmaceutical industry is a highly competitive non-assembled1 global industry. Its origins can be traced back to the nascent chemical industry of the late nineteenth century in the Upper Rhine Valley near Basel, Switzerland when dyestuffs were found to have antiseptic properties. A host of modern pharmaceutical companies all started out as Rhine-based family dyestuff and chemical companies e.g. Hoffman-La Roche, Sandoz, Ciba-Geigy
the associated theoretical value due to the overall percent yield, which will be discussed further. Also, according to the same calculations made in calculation #1, the calculated mass for Bayer Aspirin was inaccurate as the calculated value was less than what was said by the company. In other words, the Bayer Aspirin did not contain 325mg of ASA, instead it actually contained 283mg. The percent purity of ASA was calculated to be 65.0 % and based on the reaction table, the limiting reagent was salicylic
The History and Analysis of the Pharmaceutical Industry Pharmaceuticals Industry Analysis i 1. Origins and Evolution 2 2. Environmental Analysis (PEST) 2 3. Structural Industry Analysis (Porter’s Five Forces) 4 4. Strategic Issues Facing The Industry 5 5. Analysis of Key Industry Participants and Strategy 6 6. Pfizer – SWOT Analysis and Strategy Review 8 7. Conclusion 10 8. References 10 Pharmaceuticals Industry Analysis Page 1 Executive Summary This report provides an analytical strategic
External and internal analyses are used to help you find the sources of competitive advantage. The order in which these analyses are conducted is not important. This is because they both use each other to get the best information, order does not matter because they go together without mattering what’s done first. Both internal and external analyses allow firms to identify not only environmental threats and opportunities, but also it helps the firm identify its weaknesses and positive strengths of
an end-product or result. Rather than using research as a means of self indulgence, Sir John Vane uses the notion of blue-sky research to instead participate in what one is interested in. Advantages to blue-sky research include the development of Bayer aspirin and its’ effects on society today. Through genuine interest, Felix Hoffman was able to stumble upon the creation of aspirin, something beneficial to millions today. Ian Frazier connects blue-sky research to playing in the woods with an explanation