Who invented Chapstick lip balm?

A doctor by the name of Charles Browne Fleet invented lip balm, but he couldn't make it sell. He sold the recipe to a guy named John Morton. It was Morton and his wife who stated producing the familiar pink stuff. The Chapstick name and recipe was bought out by the current company, Wyethe Laboratories, in the 60's. The company is currently located in Lynchburg, Virginia.