Allen McClay
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Allen McClay
Sir Allen McClay CBE (21 March 1932 – 12 January 2010) was a Northern Irish multi-millionaire businessman and philanthropist who founded Galen (later Warner Chilcott), a pharmaceutical company which was Northern Ireland's first one billion pound business. After resigning from Galen in 2001, he went on to form a second successful pharmaceutical company, the Almac Group. Career McClay was born in Cookstown, County Tyrone, in 1932 and was the youngest of six children. He attended Cookstown High School and Belfast College of Technology (now Belfast Metropolitan College) later qualifying as a pharmacist in 1953 after apprenticeship. In 1955, he joined Glaxo, where he worked for 13 years as a medical rep, before co-founding the company, Galen, with his friend and fellow Pharmacist turned medical rep Bertie Robinson in Craigavon in 1968. Sir Allen and Bertie Robinson shared many investments together including the Connors Chemists chain and Galen Research. Sir Allen left Galen, w ...
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Cookstown
Cookstown ( ga, An Chorr Chríochach, IPA: anˠˈxoːɾˠɾˠˈçɾʲiːxəx is a small town in County Tyrone, Northern Ireland. It is the fourth largest town in the county and had a population of 11,599 in the 2011 census. It, along with Magherafelt and Dungannon, is one of the main towns in the Mid-Ulster council area. It was founded around 1620 when the townlands in the area were leased by an English ecclesiastical lawyer, Dr. Alan Cooke, from the Archbishop of Armagh, who had been granted the lands after the Flight of the Earls during the Plantation of Ulster. It was one of the main centres of the linen industry west of the River Bann, and until 1956, the processes of flax spinning, weaving, bleaching and beetling were carried out in the town. History In 1609 land was leased to an English ecclesiastical lawyer, Dr Cooke, who fulfilled the covenants entered in the lease by building houses on the land. In 1628, King Charles I granted Letters Patent to Cooke permitting the ...
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Medical Representative
Many countries have measures in place to limit advertising by pharmaceutical companies. Pharmaceutical company spending on marketing generally exceeds that of its research budget. In Canada, $1.7 billion was spent in 2004 to market drugs to physicians; in the United States, $21 billion was spent in 2002. In 2005, money spent on pharmaceutical marketing in the United States was estimated at $29.9 billion with one estimate as high as $57 billion. When the U.S. numbers are broken down, 56% was free samples, 25% was pharmaceutical sales representative "detailing" (promoting drugs directly to) physicians, 12.5% was direct to user advertising, 4% on detailing to hospitals, and 2% on journal ads. There is some evidence that marketing practices can negatively affect both patients and the health care profession. To health care providers Marketing to health-care providers takes three main forms: activity by pharmaceutical sales representatives, provision of drug samples, and sponsoring ...
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The News Letter
The ''News Letter'' is one of Northern Ireland's main daily newspapers, published from Monday to Saturday. It is the world's oldest English-language general daily newspaper still in publication, having first been printed in 1737. The newspaper's editorial stance and readership, while originally Irish Republican, republican at the time of its inception, is now Unionists (Ireland), unionist. Its primary competitors are the ''Belfast Telegraph'' and ''The Irish News''. The ''News Letter'' has changed hands several times since the mid-1990s, and is now owned by JPIMedia (since 2018). It was formerly known as the ''Belfast News Letter'', but its coverage spans the whole of Northern Ireland (and often Great Britain and the Republic of Ireland), and the word ''Belfast'' does not appear on the masthead any more. History Founded in 1737, the ''News Letter'' was printed in The Belfast Entries, Joy's Entry in Belfast. It is one of a series of narrow alleys in the city centre, and is ...
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Boots Group
Boots UK Limited (formerly Boots the Chemists), trading as Boots, is a British health and beauty retailer and pharmacy chain in the United Kingdom and other countries and territories including Ireland, Italy, Norway, the Netherlands, Thailand and Indonesia. The parent company, The Boots Company plc, merged with Alliance UniChem in 2006 to form Alliance Boots. In 2007, Alliance Boots was bought by Kohlberg Kravis Roberts and Stefano Pessina, taking the company private, and moving its headquarters to Switzerland, making it the first-ever FTSE 100 company to be bought by a private equity firm. In 2012, Walgreens bought a 45% stake in Alliance Boots, with the option to buy the rest within three years. It exercised this option in 2014, and as a result Boots became a subsidiary of the new company, Walgreens Boots Alliance, on 31 December 2014. Boots is one of the largest retailers in the UK and Ireland, both in terms of revenue and the number of shops. It has 2,200 shops across the Un ...
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Warrenpoint
Warrenpoint ( ga, An Pointe) is a small port town and civil parish in County Down, Northern Ireland. It sits at the head of Carlingford Lough, south of Newry, and is separated from the Republic of Ireland by a narrow strait. The town is beside the village of Rostrevor and is overlooked by the Mournes and Cooley Mountains. Warrenpoint sprang up within the townland of Ringmackilroy (), and is locally nicknamed "The Point". Warrenpoint is known for its scenic location, the ''Maiden of Mourne'' festival, the ''Blues on the Bay'' music festival, the passenger ferry service between Warrenpoint and Omeath and the nearby Narrow Water Castle. Warrenpoint Port is second in terms of tonnage handled by ports in Northern Ireland. It had a population of 8,732 at the 2011 Census. History The area of Warrenpoint was formerly known as ''Rinn Mhic Giolla Ruaidh'' ("McIlroy's point"), anglicised Ringmackilroy, which is still the name of the townland in which it sits. Earlier, it was also kn ...
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Scotland
Scotland (, ) is a country that is part of the United Kingdom. Covering the northern third of the island of Great Britain, mainland Scotland has a border with England to the southeast and is otherwise surrounded by the Atlantic Ocean to the north and west, the North Sea to the northeast and east, and the Irish Sea to the south. It also contains more than 790 islands, principally in the archipelagos of the Hebrides and the Northern Isles. Most of the population, including the capital Edinburgh, is concentrated in the Central Belt—the plain between the Scottish Highlands and the Southern Uplands—in the Scottish Lowlands. Scotland is divided into 32 administrative subdivisions or local authorities, known as council areas. Glasgow City is the largest council area in terms of population, with Highland being the largest in terms of area. Limited self-governing power, covering matters such as education, social services and roads and transportation, is devolved from the Scott ...
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GlaxoSmithKline
GSK plc, formerly GlaxoSmithKline plc, is a British multinational pharmaceutical and biotechnology company with global headquarters in London, England. Established in 2000 by a merger of Glaxo Wellcome and SmithKline Beecham. GSK is the tenth largest pharmaceutical company and #294 on the 2022 ''Fortune'' Global 500, ranked behind other pharmaceutical companies China Resources, Sinopharm, Johnson & Johnson, Pfizer, Roche, AbbVie, Novartis, Bayer, and Merck. The company has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. , it had a market capitalisation of £70 billion, the eighth largest on the London Stock Exchange. It has a secondary listing on the New York Stock Exchange. The company developed the first malaria vaccine, RTS,S, which it said in 2014 it would make available for five percent above cost. Legacy products developed at GSK include several listed in the World Health Organization's List of Essential Medicines, such ...
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Pfizer
Pfizer Inc. ( ) is an American multinational pharmaceutical and biotechnology corporation headquartered on 42nd Street in Manhattan, New York City. The company was established in 1849 in New York by two German entrepreneurs, Charles Pfizer (1824–1906) and his cousin Charles F. Erhart (1821–1891). Pfizer develops and produces medicines and vaccines for immunology, oncology, cardiology, endocrinology, and neurology. The company has several blockbuster drugs or products that each generate more than billion in annual revenues. In 2020, 52% of the company's revenues came from the United States, 6% came from each of China and Japan, and 36% came from other countries. Pfizer was a component of the Dow Jones Industrial Average stock market index from 2004 to August 2020. The company ranks 64th on the Fortune 500 and 49th on the Forbes Global 2000. History 1849–1950: Early history Pfizer was founded in 1849 by Charles Pfizer and Charles F. Erhart, two cousins who had i ...
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The Scientist (magazine)
''The Scientist'' is a professional magazine intended for life scientists. Coverage includes articles on recently published research papers, current research, techniques, important career news, profiles of established and up and coming scientists, publishing, research integrity and best practices, as well as other columns and reports of interest to its readers. The editor-in-chief is Bob Grant. Overview The main purpose of the magazine is to provide print and online coverage of the latest developments in life sciences research, technology, careers, and business. Subject matter covered by the magazine includes: groundbreaking research, industry innovations, careers, financial topics, economics of science, scientific ethics, profiles of scientists, lab tools, scientific publishing, techniques, product spotlight, and guides History ''The Scientist'' was founded by Eugene Garfield in 1986. In 1988, Garfield sold ''The Scientist'', part of the ''Institute for Scientific Informat ...
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Irish Independent
The ''Irish Independent'' is an Irish daily newspaper and online publication which is owned by Independent News & Media (INM), a subsidiary of Mediahuis. The newspaper version often includes glossy magazines. Traditionally a broadsheet newspaper, it introduced an additional compact size in 2004. Further, in December 2012 (following billionaire Denis O'Brien's takeover) it was announced that the newspaper would become compact only. History Murphy and family (1905–1973) The ''Irish Independent'' was formed in 1905 as the direct successor to ''The Irish Daily Independent and Daily Nation'', an 1890s' pro-Parnellite newspaper. It was launched by William Martin Murphy, a controversial Irish nationalist businessman, staunch anti-Parnellite and fellow townsman of Parnell's most venomous opponent, Timothy Michael Healy from Bantry. The first issue of the ''Irish Independent'', published 2 January 1905, was marked as "Vol. 14. No. 1". During the 1913 Lockout of workers, in ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group (LSEG, that it also lists ()). The LSE was the most-valued stock exchange in Europe from 2003 when records began till Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe’s largest stock exchange 10 days later. History Coffee House The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. It was opened by Elizabeth I of England in 1571. During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners. They had to operate from other establishments in the vicinity, notably Jona ...
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