Organization Profile
Organization Overview
Hospira is a global specialty pharmaceutical and medication delivery company driven by its vision of Advancing Wellness™. Bringing proven leadership and experience, Hospira provides solutions to help improve the productivity, safety and effectiveness of patient care.
Driving Philosophy
Hospira brings proven leadership to the hospital products marketplace. With its more than 70-year history of excellence, Hospira is built on a solid and distinct platform. Hospira's vision guides everything the company does. "Advancing" focuses on Hospira's progressive, positive and purposeful approach as it looks to the future. "Wellness" demonstrates a broad commitment to healthcare, supported by a wide variety of products that help improve the well being of patients around the world. Wellness also refers to the overall well being of Hospira's customers, employees, shareholders and communities.
The "right people" — Hospira's employees — are a talented group of dedicated, customer-focused, entrepreneurial individuals who are committed to working under the highest standards of integrity and ethics. Hospira's broad portfolio of products — the "right products" — provides quality, reliability and cost-effectiveness.
Hospira's Commitment
Hospira has an unwavering commitment to:
Its customers and patients, delivering on its promise by serving their needs with integrity, trust and innovation.
Its employees, by embracing diversity of thought and cultural perspective, and fostering an environment of empowerment, fairness and respect.
Its shareholders, by safeguarding their investment and providing a fair return.
Its communities, acknowledging its social responsibility through active citizenship and thoughtful giving.
Organization History
As the hospital products business of Abbott Laboratories:
1930s
Discovery and launch of Pentothal® (sodium thiopental) CIII, one of the most widely used induction anesthetics in the world
1940s-1950s
Introduction of the first fully disposable intravenous (I.V.) administration set
Introduction of new protein solution for I.V. feeding
1970s
Discovery and launch of the company's first electronic drug delivery pump
Introduction of the company's first flexible I.V. container, decreasing the use of glass in the hospital
1980s
Discovery and launch of the world's first patient-controlled analgesia (PCA) device
Acquisition of high-tech critical care monitoring systems
Introduction of the ADD-Vantage® drug delivery system, helping decrease pharmacy preparation time and delivery time to patient
1990s
Expansion of generic acute-care injectables portfolio, helping to reduce the high cost of proprietary pharmaceuticals
Introduction of premixed solutions
Introduction of prefilled syringes to help reduce the potential for medication errors and increase convenience
Introduction of needleless products to improve healthcare worker safety
2000s
Introduction of Hospira MedNet® drug library software
Completion of industry-leading patient safety effort to affix unit-of-use bar codes to all of our more than 1,000 hospital injectable pharmaceuticals and I.V. solutions
As Hospira:
2000s
Launch of Hospira as independent company, publicly traded on the New York Stock Exchange (NYSE) under ticker symbol ‘HSP’
Introduction of wireless Hospira MedNet® drug library safety software
Launch of Hospira Foundation as the philanthropic arm of Hospira, Inc.
Launch of LifeCare PCA® infusion system
Introduction of VisiV® next-generation container, the first significantly advanced I.V. bag in 30 years
Acquisition of BresaGen biotechnology company
Launch of Symbiq® next-generation infusion system
Signing of strategic agreements with STADA and BIOCEUTICALS for a biosimilar product
Launch of iSecure™ proprietary syringe
Acquisition of Mayne Pharma Limited
Launch of Retacrit® (epoetin zeta), Hospira’s first biosimila