
Purdue Frederick Company (Purdue Pharma) was founded
In 1892, the Purdue Frederick Company was founded by medical doctors Dr. John Purdue Gray and George Frederick Bingham on Manhattan’s Lower East Side. The company produced a tonic made with glycerin and sherry.
In 1952, the company was sold to three brothers, Arthur, Raymond, and Mortimer Sackler, who moved the business to Yonkers, New York.
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