October 24, 2014 8:30 AM ET

Pharmaceuticals

Company Overview of Pharmacia Corporation

Company Overview

Pharmacia Corporation develops, manufactures, and markets prescription pharmaceutical products, including primary care, hospital care, cancer care, ophthalmology, and endocrine care products. The company also operates in other businesses, such as consumer health care, animal health, diagnostics, contract manufacturing, and bulk chemical sales. Pharmacia Corporation sells its products to pharmacies, hospitals, chain warehouses, governments, physicians, wholesalers, and other distributors. The company was formerly known as Monsanto Company and changed its name to Pharmacia Corporation in April 2000. Pharmacia Corporation was founded in 1901 and is based in Kalamazoo, Michigan with additional o...

7000 Portage Road

Kalamazoo, MI 49001

United States

Founded in 1901

43,000 Employees

Phone:

616-833-8714

Fax:

616-833-0203

Key Executives for Pharmacia Corporation

Senior Vice President and Director of Human Resources Crop at Protection Business Unit
Age: 56
Senior Vice President
Age: 71
Senior Vice President
Age: 57
Other Professional
Age: 65
Compensation as of Fiscal Year 2014.

Pharmacia Corporation Key Developments

Missouri Court of Appeals Eastern District Sends Pharmacia's Pollution Case Back to Circuit Court

Missouri Court of Appeals Eastern District sent Pharmacia Corp.'s pollution case back to circuit court. St. Louis County Circuit Court Judge Barbara W. Wallace had granted summary judgment last June in favor of Pharmacia Corp., holding that four plaintiffs’ claims that the chemical company was negligent in releasing cancer-causing polychlorinated biphenyls (PCBs) into the environment were not sufficient for a trial. The suit originally named Monsanto as well as Pharmacia, but Monsanto has been dismissed from the action, according to the July 23, 2013 opinion reversing and remanding the circuit court decision. The appeals court found that PCBs were intended when they were manufactured for “open use,” which meant that they would likely be released into the environment, according to the unanimous opinion written by Presiding Judge Robert G. Dowd Jr. with Judges Roy L. Richter and Angela T. Quigless concurring. The opinion notes that the judges were looking to California law in evaluating the merits of the plaintiff’s points, since the injuries took place in California and the plaintiffs live there.

Pfizer Inc. and Pharmacia Corp. to Pay Idaho $2.9 Million in A Legal Settlement Resolving the State's Claims

Attorney General Lawrence Wasden announced that Pfizer Inc. and Pharmacia Corp. have agreed to pay Idaho $2.9 million in a legal settlement resolving the state's claims relating to the "average wholesale prices" reported by the companies. Wasden sued several prescription drug manufacturers, including Pfizer and Pharmacia, in 2007 to recover taxpayer money for excessive prices Idaho Medicaid paid for prescription drugs. Including settlements, Wasden's office has recovered more than $25 million in average wholesale price settlements with 36 drug manufacturers. Lawsuits are still pending against two other drug manufacturers. Idaho Medicaid provides health care services, including prescription drugs, to low-income Idahoans. By law, Idaho Medicaid must reimburse pharmacies at the "estimated acquisition cost" of the drug, plus a dispensing fee. Until July 1, 2011, Idaho Medicaid primarily used "average wholesale price," as reported by drug manufacturers, as a basis for determining this amount.

Pharmacia Presents at SIIA Information Industry Summit 2013, Jan-31-2013 11:25 AM

Pharmacia Presents at SIIA Information Industry Summit 2013, Jan-31-2013 11:25 AM. Venue: Pier Sixty, Pier 60, 23rd Street and West Side Highway, New York, NY 10011, United States. Speakers: Gabe Leung, Group VP.

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