Fisons plc was a leading
British pharmaceutical, scientific instrument and horticultural chemical manufacturer. The Company was listed on the
London Stock Exchange and was once a constituent of the
FTSE 100 Index but it was acquired by
Rhone-Poulenc in 1995.
History
The business was established by Edward Packard, one of the first to manufacture
superphosphate derived from
coprolites, in 1843. In 1863 he was joined in business by his son, also named
Edward, who was instrumental in developing the business and rationalising the
United Kingdom's fertiliser industry. The business was incorporated in 1895 under the name of
Edward Packard and Company Limited. and is now known as the
Sweet Track. A portion is now in the collection of the
British Museum.
In the early 1980s the Company decided to focus on pharmaceutical products and its fertilizer activities were sold to Norsk Hydro in 1982.
Many years of successful growth were financed by sales of sodium cromoglycate in a variety of formulations used to treat asthma and allergies of the eye among several disease areas. However, the loss of lucrative product licences for Opticrom and Imferon in the USA in 1991 and the failure of clinical trials for Tipredane, an asthma drug, in 1993 revealed bleak prospects for the business.
In early 1995 the instruments Division was sold to U.S. Thermo Instrument Systems while the Research and Development facilities in Loughborough and Rochester, New York with their pipelines were acquired by the Swedish company Astra AB.
Demise of the business
In late 1995 the Company was acquired by
Pennsylvania-based Rhone-Poulenc Rorer, Inc., which in turn was wholly owned by France's chemical giant
Rhone-Poulenc S.A.
Operations
The Company was based in
Ipswich with Pharmaceutical
Research and Development in
Loughborough,
United Kingdom and
Rochester, New York,
USA, and manufacturing in
Holmes Chapel Cheshire and northern France.
Sponsorship
Fisons were sponsors of
Ipswich Town Football Club in the early 1990s, including the
1991-92 season when they won the
Second Division championship and gained promotion to the new
Premier League.
See also
Pharmaceutical industry in the United Kingdom
References
External links
Sanofi-Aventis UK home page
Fisons Plc Entry at Buiness.com. Accessed September 2007
Category:Companies based in Suffolk
Category:Pharmaceutical companies of the United Kingdom
Category:Chemical companies of the United Kingdom
Category:Companies established in 1843