Schering-Plough

Schering-Plough Corporation (NYSE: SGP) is a pharmaceutical company founded in 1851 by Ernst Schering as Schering AG in Germany. In 1971, the Schering Corporation merged with Plough (founded by Memphis area entrepreneur Abe Plough in 1908 to form Schering Plough.It was announced on March 9, 2009 that Schering-Plough was to be purchased by Merck. Schering Plough manufactures several pharmaceutical drugs, the most well-known of which are the allergy drugs Claritin and Clarinex, and through a collaboration with Merck & Co., Vytorin, an anti-cholesterol drug.Schering Plough also owns and operates the major foot care brand name Dr. Scholl's and the skin care line Coppertone.As of June 2005[update], Schering-Plough had 1.4% market share in the U.S., placing it at #17 in the top 20 pharmaceutical corporations by sales compiled by IMS Health.