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Cephalon,
Inc. is a U.S. biopharmaceutical company co-founded in 1987 by Dr. Frank
Baldino, Jr., a pharmacologist and former scientist with the DuPont Company,
who served as the company's chairman and chief executive officer until his
death in December 2010.The company's name comes from the adjective
"cephalic" meaning "related to the head or brain," and it
was established primarily to pursue treatments for neurodegenerative diseases.
Sales
revenues reached $2.8 billion in 2010, ranking Cephalon among the leading
biopharmaceutical companies in the world. In 2006, industry publication MedAd
News named the company one of the ten most respected biotechnology firms in the
world. Cephalon employs more than 3,700.
Cephalon
was first included in the Fortune 1000 list of U.S. companies based upon annual
revenues for 2006.
On
2 May 2011, Teva has announced its acquisition of Cephalon.
Type
Subsidiary of Teva Pharmaceutical Industries
Industry Biotechnology, Biopharmaceutical
Founded 1987
Headquarters Frazer, Pennsylvania, United States
Key
people J. Kevin Buchi, CEO
Products medical development
Employees 3,726 (as of December 31, 2010)
Website www.cephalon.com
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