Mundipharma

Mundipharma GmbH is a multinational research-based pharmaceutical company owned by members of the Sackler family with locations in United Kingdom, Canada, Germany (Mundipharma GmbH) and Singapore.[2] In Germany, Mundipharma is a subsidiary of Mundipharma International Limited and Mundipharma AG.

Mundipharma GmbH
IndustryPharmaceutical
Founded1967 (1967) in Frankfurt
Founders
Headquarters
Germany 
Area served
Germany, China, India, Philippines
Key people
Revenue274 Mil. EUR[1]
Number of employees
165
Websitemundipharma.de

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.

Organization structure

The research area is outsourced to the following companies:

  • Mundipharma Research GmbH & Co. KG, Limburg an der Lahn (closed in 2018)[6]
  • Mundipharma Research Ltd, Cambridge

References
  1. Mundipharma Verwaltungsgesellschaft mit beschränkter Haftung. "Bundesanzeiger − Bilanz zum 31. Dezember 2016" (in German). Retrieved 2018-11-28.
  2. "Get in touch". Mundipharma. Retrieved 2021-05-13.
  3. "Mundipharma: Geschichte". web.archive.org. Retrieved 2021-05-13.
  4. Dun & Bradstreet Limited (Hrsg.): Who owns whom. Who Owns Whom Publications Division Verlag, 1984, S. 246
  5. Wu, Kane (2021-05-05). "Sackler-owned Mundipharma seeks bids for China unit in over $1 billion deal -sources". Reuters. Retrieved 2021-07-16.
  6. "Mundipharma schließt Produktion in Deutschland".
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