|Exchange:||New York Stock Exchange|
|Industry:||Drug Manufacturers - Specialty & Generic|
|Hospira, Inc. was incorporated in Delaware on September 16, 2003, as a wholly owned subsidiary of Abbott Laboratories. On April 30, 2004, it began operating as an independent company. The Company is a global provider of injectable drugs and infusion technologies. Its portfolio includes generic acute-care and oncology injectables, as well as integrated infusion therapy and medication management products. Its portfolio of products is used by hospitals and alternate site providers, such as clinics, home healthcare providers and long-term care facilities. The Company conducts operations worldwide and is managed in three reportable segments: Americas; Europe, Middle East and Africa; and Asia Pacific. The Americas segment includes the United States, Canada and Latin America; the EMEA segment includes Europe, the Middle East and Africa; and the APAC segment includes Asia, Japan, Australia and New Zealand. The Company’s specialty injectable pharmaceutical products category mainly consists of generic injectable pharmaceuticals. These products provide customers with a lower-cost alternative to branded products, when the patent protection has expired, when patents have been declared invalid, or when the products do not infringe the patents of others. These drugs' therapeutic areas include analgesia, anesthesia, anti-infectives, cardiovascular, oncology, and other areas. The Company’s other pharmaceuticals mainly consist of large volume I.V. solutions, nutritionals and contract manufacturing services. The Company offers infusion therapy solutions and related supplies that include I.V. solutions for general use, I.V. nutrition products, and solutions for the washing and cleansing of wounds or surgical sites. It also offers infusion therapy solutions in its VisIV(TM) next-generation non-PVC, non-DEHP I.V. container, an I.V. bag with advanced safety and environmentally friendly features. Its contract manufacturing services are offered through its One2One(SM) services group, which provides formulation development, filling and finishing of injectable and oral drugs worldwide. The Company’s medication management products include electronic drug delivery pumps, safety software and disposable administration sets dedicated to the company’s pumps. These sets are used to deliver I.V. fluids and medications. Medication management includes TheraDoc, Inc. products, which are module-based clinical surveillance systems that provide patient safety surveillance and clinical decision support. Medication management also includes gravity administration sets and other device products, including needlestick safety products and programs to support Hospira's customers. The Company’s main customers in the Americas segment include hospitals, wholesalers, integrated delivery networks and alternate site facilities. Its main customers in the EMEA and APAC segments are hospitals and wholesalers that serve through its own sales force and its distributors. In the U.S., the Company’s products are mainly distributed through a network of company-operated distribution facilities and third-party logistics providers. The Company’s competitors in specialty injectable pharmaceuticals in the Americas segment include Baxter International Inc., Bedford Laboratories, Fresenius Kabi, Pfizer, Sandoz, Sanofi, Teva Pharmaceuticals. Its competitors in medication management include Baxter, B. Braun Melsungen AG, CareFusion, Fresenius Kabi and Terumo. In the EMEA segment, competitors include Teva, Sandoz, Actavis, Fresenius Kabi, Intas Pharmaceuticals, Ltd, Medac GmbH, Mylan Inc., Sun Pharmaceutical Industries, Ltd., and Baxter. The Company’s operations and business activities are subject to extensive legal and regulatory requirements that are enforced by numerous governmental agencies in the countries in which it does business.|
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