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Madison, NJ-based American Home Products Corp. is changing its name to Wyeth.
Madison, NJ-based American Home Products Corp. is changing its name to Wyeth and its New York Stock Exchange trading symbol to WYE after being known for 76 years as American Home Products Corp. The company is also streamlining and unifying the branding of its operating subsidiaries.
"We are changing our name to reflect an important transition in the company's history," said Robert Essner, Wyeth's president and chief executive officer. "Over the years, we have strategically evolved from a holding company with diversified businesses to a world leader in research-based pharmaceutical products. The Wyeth name, with its long and well-respected association with the healthcare community, better conveys the skills of our people, the promise of our science, the quality of our products and our position as a world leader in the pharmaceutical industry."
Among other changes taking effect at the company:
•Â Wyeth-Ayerst Laboratories is now Wyeth Pharmaceuticals, and Wyeth-Ayerst Research is Wyeth Research.
•Â Whitehall-Robins Healthcare is now Wyeth Consumer Healthcare.
•Â The corporation has unveiled its new Web site, www.wyeth.com.
"Today we are a world leader in developing and marketing innovative medicines that help people lead longer and healthier lives," said Essner during the formal announcement of the changes. "And Wyeth clearly conveys our position as one of the leading research-driven pharmaceutical companies in the world." PR