Mundipharma Explained

Mundipharma International Limited
Type:Private
Industry:Pharmaceutical
Hq Location:Cambridge Science Park
Hq Location City:Cambridge
Hq Location Country:England, United Kingdom
Area Served:Worldwide
Key People:Marc Princen
Revenue:274 Mil. EUR[1]
Num Employees:2,705 (as of 2022)

Mundipharma International Limited is a British multinational research-based pharmaceutical company owned by members of the Sackler family with locations in United Kingdom, Canada, Germany, and Singapore.[2] In Germany, Mundipharma is a subsidiary of Mundipharma International Limited and Mundipharma AG. Its global headquarters is located at the Cambridge Science Park of Cambridge, England.

History

The company was founded in 1967 in Frankfurt, Germany by the brothers Raymond and Mortimer Sackler, the owners of Purdue Pharma at the time. Between 1970 and 1974 two pharmaceutical companies were acquired.[3] It was the chemical-pharmaceutical factory Krugmann GmbH and the pharmaceutical factory Dr. med. Hans Voigt GmbH.[4] In 1975 the company moved to Limburg an der Lahn in Germany.

The first factory building was designed in 1973 by architect Marcel Breuer and built in the Dietkircher Höhe industrial park. The last completion of a structural expansion took place in 2010.

The company is exploring a sale as part of the Purdue Pharma bankruptcy process and Sackler family settlement.[5] It could fetch as much as $5 billion according to Bloomberg News.[6]

Organization structure

The research area is outsourced to the following companies:

Tobacco Industry Collaboration

Mundipharma has been condemned[8] by healthcare professionals for its April 16th 2024 announcement[9] that it had entered into a collaboration with Vectura, a company owned by Tobacco Transnational Philip Morris.

Notes and References

  1. Web site: Bundesanzeiger − Bilanz zum 31. Dezember 2016. 2018-11-28. Mundipharma Verwaltungsgesellschaft mit beschränkter Haftung. de.
  2. Web site: Get in touch. 2021-05-13. Mundipharma. en.
  3. Web site: Mundipharma: Geschichte . 2021-05-13 . https://web.archive.org/web/20090813124524/http://www.mundipharma.de/unternehmen/geschichte.html . 13 August 2009 . dead.
  4. Dun & Bradstreet Limited (Hrsg.): Who owns whom. Who Owns Whom Publications Division Verlag, 1984, S. 246
  5. News: Wu. Kane. 2021-05-05. Sackler-owned Mundipharma seeks bids for China unit in over $1 billion deal -sources. en. Reuters. 2021-07-16.
  6. Web site: Baigorri . Manuel . 13 January 2020 . Sackler-Owned Mundipharma Taps Deutsche Bank for Sale . Bloomberg News.
  7. Web site: Mundipharma schließt Produktion in Deutschland . https://web.archive.org/web/20220302013344/https://www.healthcaremarketing.eu/unternehmen/detail.php?rubric=Unternehmen&nr=47876 . 2022-03-02 . healthcaremarketing.eu.
  8. Web site: Capstick . Toby . 28 April 2024 . Why is Mundipharma renewing a partnership with big tobacco? . 30 April 2024 . Twitter.
  9. Web site: 2024-04-16 . Mundipharma and Vectura announce plans to reformulate flutiform® (fluticasone propionate/formoterol fumarate) pressurised metered-dose inhaler (pMDI) as a commitment to reducing the product’s carbon footprint . 2024-04-30 . www.businesswire.com . en.