Astra AB
Astra AB
Astra AB (pronounced: /ˈæstrə ˈeɪbiː/) is a multinational pharmaceutical company based in Sweden. The company was founded in 1913 and has since become one of the world's leading pharmaceutical companies.
Etymology
The name "Astra" is derived from the Latin word for "star", symbolizing the company's aspiration to achieve stellar results in the pharmaceutical industry. The "AB" stands for "Aktiebolag", which is Swedish for "corporation".
History
Astra AB was founded in 1913 in Södertälje, Sweden. The company initially focused on the production of therapeutics for various diseases. Over the years, Astra AB has expanded its operations globally and has become a leading player in the pharmaceutical industry.
Products
Astra AB is known for its wide range of pharmaceutical products. Some of its most notable products include Nexium (for acid reflux), Symbicort (for asthma and COPD), and Crestor (for high cholesterol).
Merger with Zeneca Group
In 1999, Astra AB merged with the Zeneca Group, a UK-based pharmaceutical company, to form AstraZeneca. The merger was one of the largest in the pharmaceutical industry and resulted in a company with a strong presence in both primary and specialty care.
Related Terms
External links
- Medical encyclopedia article on Astra AB
- Wikipedia's article - Astra AB
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