Book contents
- Frontmatter
- Contents
- List of illustrations
- List of tables
- Acknowledgements
- Introduction
- Part I Merchants and bonnie babies
- Part II Pharmaceuticals in Britain
- 6 Glaxo Laboratories and the hinge of fortune: the Second World War
- 7 Pharmaceuticals triumphant 1946–1962
- 8 Research and development: a strategy of science?
- 9 The development and commercial exploitation of griseofulvin
- Part III Internationalisation of pharmaceuticals
- Appendix: Glaxo statistics
- Notes
- Select bibliography
- Index
7 - Pharmaceuticals triumphant 1946–1962
Published online by Cambridge University Press: 05 March 2012
- Frontmatter
- Contents
- List of illustrations
- List of tables
- Acknowledgements
- Introduction
- Part I Merchants and bonnie babies
- Part II Pharmaceuticals in Britain
- 6 Glaxo Laboratories and the hinge of fortune: the Second World War
- 7 Pharmaceuticals triumphant 1946–1962
- 8 Research and development: a strategy of science?
- 9 The development and commercial exploitation of griseofulvin
- Part III Internationalisation of pharmaceuticals
- Appendix: Glaxo statistics
- Notes
- Select bibliography
- Index
Summary
The aftermath of war
The war years and the commitment to penicillin had made it clear, both within and without the company, that Glaxo Laboratories had become a pharmaceutical house. It was therefore logical for the parent company to rid itself of its merchandising and ancillary businesses. In the two years after the war the food interests of Nathans – Trengrouse & Nathan, Bowles Nicholls and Stewarts – were sold, as too were the trading interests in New Zealand. This left the parent Nathan company with its one subsidiary, Glaxo Laboratories. In January 1947, by a share for share transfer, Glaxo Laboratories acquired the assets of its parent and, at the same time, became a public company. J. E. Nathan & Co went into voluntary liquidation. Sir Harry Jephcott who had been knighted in 1946 was already Chairman and Managing Director of Glaxo, for in June 1946 Alec Nathan had retired from business life. At the Glaxo Board meeting:
individual tributes were paid to him by all present for the excellent building up of the old Glaxo Department but for which solid foundation the existing Glaxo Laboratories business could not so readily have been erected. He had endeared himself to all the staff under his control and had won a reputation for justice and fair dealing which none would forget.
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- Information
- GlaxoA History to 1962, pp. 155 - 174Publisher: Cambridge University PressPrint publication year: 1992