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Pfizer

Pfizer is a global pharmaceutical and consumer healthcare company, producing and distributing medicines and vaccines, and other health products.

Categories

Pharma and Life Sciences  

#52

Rank

$205.11B

MarketCap US

US United States

Country

Summary

Pfizer Inc. is an American multinational pharmaceutical company headquartered in New York City. It was founded in 1849 and has since grown into one of the largest and most successful pharmaceutical companies in the world.

Pfizer develops, manufactures, and markets a wide range of prescription drugs, vaccines, and animal health products. The company's product portfolio includes treatments for a variety of conditions, such as cardiovascular disease, diabetes, cancer, and infectious diseases. It is also involved in research and development of new treatments and drugs, and is committed to finding innovative solutions to help patients live healthier lives.
In addition to its core pharmaceutical operations, Pfizer is also involved in various initiatives to promote sustainability and social responsibility, and is widely recognized for its commitment to these values. The company is also focused on innovation and technology, and has introduced various tools and resources to help customers with their healthcare needs.

The company is publicly traded and is listed on the New York Stock Exchange. It is widely followed by investors and analysts and is known for its strong financial performance and consistent growth. The company is a member of various stock market indices, including the S&P 500 Index, and is considered one of the largest and most successful pharmaceutical companies in the world.


History

Pfizer was founded in 1849 by Charles Pfizer and Charles Erhart, two cousins who immigrated to the United States from Germany. The company started as a fine chemicals business, producing citric acid and other chemicals for use in the food and beverage industry. In the 1860s, Pfizer began producing santonin, a drug used to treat parasitic infections. The company also established a research department, which helped develop new manufacturing processes and expand the company's product portfolio.

By the 1890s, Pfizer had become one of the largest pharmaceutical companies in the United States, with a focus on producing innovative medicines and a commitment to quality and safety. The company introduced a range of new products during this period, including the first commercially available vaccine for diphtheria in 1895. Pfizer also established a reputation for philanthropy, donating funds to support medical research and education.

In the early 1900s, Pfizer continued to expand its product offerings and invest in research and development. The company introduced a range of new drugs during this period, including Terramycin, the first broad-spectrum antibiotic, and penicillin, which would become a key tool in the fight against bacterial infections. Pfizer also established a research partnership with the Massachusetts Institute of Technology (MIT), which helped drive new discoveries and innovations.

By the mid-20th century, Pfizer had become one of the largest pharmaceutical companies in the world, with a strong reputation for scientific excellence and innovation. The company continued to invest heavily in research and development, and its commitment to quality and safety helped drive the success of key products such as Lipitor, a cholesterol-lowering drug that became one of the best-selling medications of all time. 

In the 1950s and 1960s, Pfizer continued to expand its product portfolio and invest in research and development, with a particular focus on developing new treatments for heart disease and cancer. The company introduced a number of successful medications during this period, including Feldene, a pain reliever, and Procardia, a hypertension medication. In 1963, Pfizer established a new research facility in Groton, Connecticut, which became one of the largest and most advanced research centers in the world.

In the 1980s and 1990s, Pfizer continued to grow and diversify, acquiring a number of other pharmaceutical companies and expanding into new markets such as animal health and consumer healthcare. The company also continued to introduce new drugs, including Zoloft, a popular antidepressant, and Viagra, a medication for erectile dysfunction that became one of the most successful drugs of all time. 

In the early 2000s, Pfizer continued to expand its product offerings and invest in research and development, introducing new drugs such as Celebrex, a pain reliever, and Lipitor, which became the best-selling drug of all time. The company also began to focus on developing treatments for rare diseases and other unmet medical needs, launching initiatives such as the Pfizer Rare Disease Consortium and partnering with other organizations to accelerate drug development.

In recent years, Pfizer has continued to innovate and adapt to changing market conditions, investing heavily in areas such as oncology and biosimilars. In 2020, the company played a key role in the development of a COVID-19 vaccine, which was authorized for emergency use in the United States and other countries. 


Mission

The mission of Pfizer is to discover, develop and provide innovative medicines and vaccines that improve the lives of people around the world. The company aims to be a leading, science-based biopharmaceutical company that provides high-quality, affordable healthcare solutions to people in need.

Pfizer's mission is driven by a commitment to scientific excellence and a focus on patients' needs. The company works to identify unmet medical needs, and invests in research and development to create new treatments and cures for a range of diseases and conditions. Pfizer also works to make its medicines and vaccines more accessible to people around the world, especially in low- and middle-income countries.


Vision

Pfizer's vision is: “to become the world's most valued company to patients, customers, colleagues, investors, business partners and the communities where we work”. 

The company aims to bring innovative and life-changing treatments to patients, make health care more affordable and accessible, and work to improve global health outcomes.

At the core of Pfizer's vision is a commitment to scientific excellence and innovation. The company seeks to harness the latest advances in science and technology to develop new medicines and vaccines that address unmet medical needs. Pfizer also aims to leverage its expertise and resources to create new solutions that can help address some of the biggest healthcare challenges facing the world today.


Key Team

Rady A. Johnson (Executive Vice President)

Frank A. D'Amelio (Board Member)

Mikael Dolsten M.d (Chief Scientific Officer & Research President)

Shantanu Narayen (Board Member)

Helen H. Hobbs (Board Member)

Suzanne Nora Johnson (Board Member)

Aamir Malik (Executive Vice President)

Angela Hwang (Group President)

Dan R. Littman (Board Member)


Recognition and Awards
Pfizer has been awarded a bronze award in The Wall Street Journal's sixth annual Technology Innovation Awards for the development of Exubera®, the Pfizer Award from the History of Science Society in recognition of an outstanding book dealing with the history of science, and the 2022 Supply Chain Award for Customer or Patient Innovation for developing an mRNA COVID-19 vaccine. Pfizer has received numerous awards and recognitions over the years for its contributions to the biopharmaceutical industry and its commitment to social responsibility. In 2021, Pfizer was recognized by Fortune magazine as one of the "World's Most Admired Companies" for the 11th consecutive year. It was also named to Forbes magazine's "America's Best Employers for Diversity" list for the third consecutive year. Pfizer's COVID-19 vaccine was recognized as one of the "Best Inventions of 2020" by Time magazine and was awarded the Breakthrough of the Year award by Science magazine. Additionally, Pfizer has been recognized for its efforts to reduce its environmental impact, earning a place on the Dow Jones Sustainability Index and the CDP Climate Change A List. Overall, Pfizer's many awards and recognitions reflect its dedication to improving healthcare and operating as a responsible corporate citizen.

Products and Services

Pharmaceuticals: Pfizer produces a variety of prescription drugs for the treatment of a range of conditions, including cancer, heart disease, arthritis, and depression. Some of its best-known drugs include Lipitor, Celebrex, Viagra, and Zoloft.

Vaccines: Pfizer is also a major producer of vaccines for the prevention of infectious diseases, including COVID-19. It has also produced vaccines for diseases such as pneumonia, meningitis, and HPV.

Consumer healthcare products: Pfizer produces a range of over-the-counter health products, including pain relievers, allergy medication, and vitamins. Some of its best-known brands include Advil, ChapStick, and Centrum.

Animal health products: Pfizer produces veterinary medicines and vaccines for pets and livestock, including products for the treatment of flea and tick infestations, as well as vaccines for infectious diseases such as Lyme disease.

Contract manufacturing: Pfizer provides contract manufacturing services for other pharmaceutical companies, producing drugs and vaccines on their behalf.

Clinical trial services: Pfizer also offers clinical trial services, providing support and expertise for companies conducting clinical trials of new drugs and vaccines.


References
Pfizer
Leadership team

Charles Erhart (Founder)

Charles Pfizer (Founder)

Industries

Pharma and Life Sciences

Products/ Services
Pharmaceutical drugs, vaccines
Number of Employees
Above 50,000
Headquarters
235 East 42nd Street, New York City, US
Established
1849
Company Type
Public Limited Company
Company Registration
0000078003
Net Income
Above - 20B
Revenue
Above - 1B
Traded as
PFE
Social Media

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