Purdue Frederick Company (Purdue Pharma) was founded

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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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Source: Purdue Pharma
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