Pharmaceutical companies are dedicated in giving the utmost possible highest product and service quality to its people. World pharma and labs are integrated in order to deliver the demands. One of the main players in the pharmaceutical industry is the Pfizer Inc.
Pfizer Inc. (also regarded as the Pfizer Drug Company) is a US-based pharmaceutical corporation with the corporate headquarters in New York City (US Headquarters), with its R&D HQ in Groton, Connecticut together with several office locations around the world.
It is regarded as one of the world’s largest pharmaceutical companies ever to exist in a long span of time. It is listed on the NYSE its shares have been a component of the DJIA since the year of 2004.
Pfizer Inc. Headquarters Address
|Traded as||NYSE: PFE|
|Founder||Charles Pfizer and Charles F. Erhart|
|Headquarters/Based in||New York, United States|
|Products||Medical and pharmaceutical products|
Key People/Executives for Pfizer Inc.
|Mr. Ian C. Read||Chairman and CEO|
|Mr. Frank A. D’Amelio||CFO and Executive Vice President of Business Operations|
|Dr. Mikael Dolsten M.D., Ph.D.||President of Worldwide R&D and Executive Vice President|
|Mr. John D. Young||Group President of Pfizer Essential Health|
|Mr. Albert Bourla DVM, Ph.D.||Group President of Pfizer Innovative Health|
Pfizer Inc. Profile/Overview
Charles Pfizer and Charles F.Erhart are the initial founders of Pfizer Chemicals in New York in the year 1849 nearly two centuries ago, as the manufacturers of fine chemicals and more. The alliance grew, with their major turning points being the creation of the anti-parasitic drug named Santonin and Citric Acid.
As the twentieth century passes, Pfizer was doing significantly well. It was only during the WWII when Pfizer produced massive supplies of Penicillin for the victims of the war and transported it to Europe. It gave a good impression, gaining lot of popularity worldwide. By the mid-20th century, it expanded through the world into nearly ten other countries including the UK, Iran, Belgium, Brazil and Canada.
The company was responsible of breakthrough drugs that it discovered and marketed. Naming some are Zoloft (the anti-depressant drug), Lipitor (the cholesterol lowering drug), Viagra (to treat sexual dysfunction), Aricept (anti-Alzheimer’s drug) and Zithromax (an antibiotic).
Pfizer also made several aquisitions. Warner-Lambart, Wyeth and Pharmacia are some of the major pharmaceutical companies that they acquired. Off late, Pfizer discontinued most of its research units and has been focusing on developing its spin-off named Zoetis that will be involved in agricultural and animal health field.
Issues in the world health caught Pfizer’s concern, either giving away drugs at little to no cost in the developing countries. The company donates Fluconazole to the countries where AIDS is highly prevalent at no cost. The company, together with Gates Foundation, also gives away contraceptive drugs at significantly low rates to the women of the developing countries.
For more than a century with more than 60 types of drugs that Pfizer presently in use today, the brand plays a major role in the pharmaceutical world and will persist for the future to come.
Pfizer Inc. Products/Capabilities
Pfizer Inc. is dedicated to discovering, developing, manufacturing, and selling healthcare products internationally. It operates through two main segments. These are:
- Pfizer Innovative Health (IH)
- Pfizer Essential Health (EH)
The IH segment develops and commercializes Pfizer products of medicines and vaccines, and consumer healthcare products in various therapeutic areas such as:
- Internal medicine
- Inflammation and immunology
- Rare diseases
- Consumer healthcare, such as dietary supplements, pain management, gastrointestinal
- Respiratory and personal care
These segment brands of the IH are as follows:
- Prevnar 13
The EH segment offers the following products dedicated in delivering essential health:
- Branded generic products
- Sterile injectable products
- Infusion systems
Brands of the EH segment are as follows:
- Premarin family
Corporate and business services/agreements of Pfizer are as follows:
- Contract manufacturing business. The company has licensing agreements with Cellectis SA and AstraZeneca plc
- Collaborative agreements with Eli Lilly & Company and Merck KGaA
- Research collaboration and license agreement with HitGen Ltd. to build and screen DNA-encoded libraries in order to discover small molecule leads to be used in drug development
- Agreement with InSphero AG to develop a predictive toxicology assay using InSphero 3D InSight human liver microtissues for predicting drug induced liver injury
Pfizer revenue (annual)
Pfizer net income (annual)