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Together with John McKesson, Olcott founded Olcott & McKesson in 1833. Its headquarters was set up at 145 Maiden Lane, the center of Manhattan's wholesale district. It promoted itself as a business engaged in the import of medicine. The company was established after the partners bought out the stock and lease of a wholesaler who was about to retire. In the beginning, the company was involved in the wholesale of botanical-based drugs, including herbs and vegetable extracts. Later, the company also started providing

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