Wyeth was formerly owned by AHP and famous due to the valuable work in women health care and a unique product line. Wyeth’s famous products were Premarin, Effexor, and Enbrel etc. Wyeth has contributed well in the research and development in pharmaceutical industry. It was founded in 1860 in Philadelphia. After a great run under a strategic alliance Wyeth was acquired by Pfizer in $68 billion dollar in the year 2009. Wyeth has an extraordinary history in pharmaceutical industry. In 1860 it was a small drug store equipped with a tiny lab and in 1862 they start developing medicines on large scale. In 1872 to produced medicines on large scale basis Wyeth’s team developed a machine which can produced a compressed tablet. This innovation boosted up Wyeth in the market. Wyeth was incorporated with the original name “Wyeth” in 1926 and 1931 American Home Products Incorporation acquired Wyeth. Wyeth was one of the companies produced penicillin for American military. In a long race of developing the healthcare medicines on October 15, 2009 Wyeth signed the acquisition papers making Wyeth a completely owned subsidiary of Pfizer in $68 billion dollar.