GOODY'S MANUFACTURING CORPORATION CHANGES NAME TO GOODY'S PHARMACEUTICALS, INC.
WINSTON-SALEM, N.C., April 13 /PRNewswire/ -- Goody's Manufacturing Corporation today announced it had changed its name to Goody's Pharmaceuticals, Incorporated. The name change is the result of the company's continued diversification into other pharmaceutical product lines and is effective immediately. "The new name of the corporation is more in keeping with what we are and reflects our corporate image as a broad pharmaceutical company in a rapidly changing industry," said Ann Lewallen Spencer, Goody's Chairman, President and Chief Executive Officer. Goody's Pharmaceuticals, Inc., best known for its Goody's Headache Powders, also distributes a variety of other over-the-counter preparations. Among those are Goody's Pain Relief Tablets, Isodettes Cough-Cold products, and Numzit and Numzident oral care products. Mayrand Pharmaceuticals, Inc., a wholly-owned subsidiary located in Greensboro and acquired by Goody's in 1989, produces and distributes a varied line of ethical pharmaceutical products. Mayrand's line of products include nutritional supplements, anti-inflammatories, and cough and cold products. Mayrand products are available by prescription and are marketed to physicians by a fifty-person sales force. Goody's was founded in 1932. Goody's Headache Powders and Tablets are distributed nationally and promoted extensively on radio and television through advertising and long-running sponsorship affiliations with NASCAR and the Grand Ole Opry. Other Goody's and Mayrand products are distributed primarily in the southeastern United States. -0- 4/13/94 /CONTACT: Kim Doran of James A. Fyock & Associates, 910-659-8440/
CO: Goody's Manufacturing Corporation; Goody's Pharmaceuticals,
Incorporated ST: North Carolina IN: MTC SU:
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