Pfizer Inc.
Pfizer Inc.
| Type | Public |
|---|---|
| Traded as | NYSE: PFE |
| Key people | Albert Bourla (CEO) |
| Industry | Pharmaceuticals |
| Products | Pharmaceutical drugs, Vaccines |
| Revenue | 
$81.29 billion (2021) |
| Employees | 79,000 (2021) |
| Website | [www.pfizer.com Official website] |
Pfizer Inc. is an American multinational pharmaceutical and biotechnology corporation headquartered in New York City. It is one of the world's largest pharmaceutical companies and was ranked 64th on the 2021 Fortune 500 list of the largest United States corporations by total revenue.
History[edit | edit source]
Pfizer was founded in 1849 by Charles Pfizer, a German-American chemist, and his cousin Charles F. Erhart, a confectioner, in Brooklyn, New York. The company initially produced an antiparasitic called santonin. Pfizer's early success was driven by its ability to produce citric acid, which was used in the production of soft drinks.
During World War II, Pfizer played a crucial role in the mass production of penicillin, which was used to treat wounded soldiers. This marked a significant turning point for the company, establishing it as a leader in the pharmaceutical industry.
Products and Research[edit | edit source]
Pfizer develops and produces medicines and vaccines for a wide range of medical disciplines, including immunology, oncology, cardiology, endocrinology, and neurology. Some of its well-known products include:
- Lipitor (atorvastatin) - a medication used to lower cholesterol.
- Viagra (sildenafil) - a treatment for erectile dysfunction.
- Prevnar 13 - a vaccine for pneumococcal disease.
- Ibrance (palbociclib) - a treatment for breast cancer.
Pfizer is also known for its development of the Pfizer–BioNTech COVID-19 vaccine, branded as Comirnaty, which was one of the first vaccines to be authorized for emergency use during the COVID-19 pandemic.
Research and Development[edit | edit source]
Pfizer invests heavily in research and development (R&D) to discover and develop new medicines and vaccines. The company operates several R&D facilities around the world and collaborates with academic institutions and other pharmaceutical companies to advance scientific research.
Corporate Structure[edit | edit source]
Pfizer is organized into several business units, including:
- Pfizer Innovative Health
- Pfizer Essential Health
These units focus on different therapeutic areas and market segments, allowing Pfizer to address a wide range of healthcare needs.
Controversies[edit | edit source]
Like many large pharmaceutical companies, Pfizer has faced controversies, including legal challenges related to drug pricing, marketing practices, and patent disputes. The company has been involved in several high-profile lawsuits and settlements.
Also see[edit | edit source]
References[edit | edit source]
External links[edit | edit source]
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