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Who is Pfizer Inc?

Photo Credit - Pfizer

Weldon Stanford

- Author, Drug Guardians

Pfizer Inc. is one of the world’s largest pharmaceutical companies, formed in 1849 with its roots in Williamsburg in Brooklyn, New York. The company was started when two cousins, Charles Pfizer and Charles Erhart, combined their chemistry and confectionary skills and started a business. Using one building as an office, laboratory, factory and warehouse, they became an overnight success with a product which cured intestinal worms, an almond toffee flavoured remedy called Santonin.

Some of Pfizer’s notable products that throughout its more than 150 years of operation have put it on the map include tartaric acid, cream of tartar, iodine and citric acid. Later products include more pharmaceutical focused products with the mass production of penicillin during World War II, becoming the largest producer of penicillin internationally through its deep tank fermentation process and being awarded the Army-Navy “E” Award on April 17, 1943.

In the 1990’s and early 2000’s, Pfizer’s revenues soared alongside a statin drug called Lipitor, which quickly grew to be the largest selling pharmaceutical of any time in history, reaching $9.6 billion in revenue in 2011.

Today, Pfizer operates in 180 countries and employs more than 110 000 people worldwide with revenue topping $49 billion in 2015. Its areas of specialty include: Primary Care, Specialty Care and Oncology, Established Products and Emerging Markets, Animal Health, and Consumer Health Care and Nutrition. It is well known for its massive scale mergers and purchases, often being criticized for buying out smaller pharmaceutical companies and seemingly reducing competition. This is cited by Pfizer as supporting smaller companies in finding the next big ‘IT’ drug.

To find more information on Pfizer, or to stay in touch with the companies activities check them out www.pfizer.com; @Pfizer; @PfizerNews, www.linkedin.com/company/pfizer; www.youtube.com/Pfizer; www.facebook.com/Pfizer .

Sources:

https://en.wikipedia.org/wiki/Pfizer

http://www.pfizer.com/about

http://www.pfizer.com/about/history/all

 

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