Introduction
Pfizer is an American global pharmaceutical corporation and is one of the worlds largest pharmaceutical companies. Founded in 1849, the company is headquartered in New York City and has branches around the world. It is liked by consumers for its dedicated technology and services, as well as for its decades of innovation and commitment to society.
Business Overview
Pfizer is one of the worlds largest research-based pharmaceutical companies, with operations in more than 150 countries. The company produces an extensive range of prescription, over-the-counter (OTC) and veterinary medicines, including Viagra, the worlds first erectile dysfunction medicine. It also manufactures a range of medical devices and diagnostic products, such as insulin pumps, inhalers and hematology analyzers.
Pfizer also offers services such as medical guidance and health advice, through its popular general practitioners and other health professionals. Pfizer also has a large presence in the United States, where it is the largest provider of prescription drugs.
The company is constantly innovating and striving to improve patient lives by focusing on quality, safety, affordability and convenience. Pfizer has established an excellence framework that includes rigorous standards for quality, compliance, product reliability and environmental sustainability. Pfizer is also the leader in personalized medicine which aims to take the guesswork out of drug selection by using the latest scientific methods to tailor medications to the genetic makeup of each patient.
History
Pfizer was founded in 1849 by Charles Pfizer, who opened a chemical laboratory in New York City. The first pharmaceutical product produced by the company was citric acid, soon followed by morphine, which became the companys most important product. In 1866, Pfizer established its first overseas office in London, and during the late 1800s it went on to establish offices and factories worldwide.
The company experienced rapid growth in the 1940s and 1950s, when it developed many of the first antibiotic drugs. In 1982, Pfizer assumed a more commercial approach to its operations under the leadership of Chairman Edmund Pratt Jr., with the aim of becoming one of the worlds largest research-based pharmaceutical companies.
In 2000, Pfizer merged with Warner-Lambert, one of its largest competitors, to form a global pharmaceutical powerhouse. Soon after, Pfizer acquired Pharmacia, which was another drug-maker, and in 2009 it acquired Wyeth, a major U.S. pharmaceutical and biotech company.
Today, Pfizer is the worlds largest pharmaceuticals company and has over 70,000 employees worldwide. It is committed to developing innovative health care solutions to meet the needs of patients, doctors, and healthcare systems.
Conclusion
Pfizer is a giant global pharmaceutical company that is devoted to bringing innovative and quality medicines to market. Since its inception in 1849, Pfizer has been dedicated to improving lives and creating meaningful change in the world. Through the years, it has developed a number of products and services that have revolutionized the pharma industry and propelled it to the forefront of modern medicine. Its commitment to innovation, technology, and quality has continually catapulted it to success, making it one of the worlds most valuable and respected companies.
