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Pfizer Essay

2083 words - 9 pages

Pfizer Inc. is a research-based diversified health care company with operations around the globe. Pfizer Inc. has three main business groups. They include the Consumer Health Care Group, U.S. Pharmaceuticals Group, and the Pfizer Animal Health Products Segment. Pfizer Inc. discovers, develops, manufactures, and markets leading prescription medicines for humans and animals and many of the world's best-known consumer brands.Pfizer was first started by Charles Pfizer and Charles Erhart in 1849. The two German entrepreneurs borrowed $2,500 to start a chemical plant in the United States. They wanted to produce chemicals that were unavailable in the United States. In 1862 because of the Civil War ...view middle of the document...

This became the first pharmaceutical sold in the United States. Because of Terramycin, Pfizer expanded their company overseas. Pfizer operations were established in Belgium, Brazil, Canada, Cuba, England, Mexico, Panama, and Puerto Rico. During the 1960's Pfizer expanded tremendously. They opened research labs and factories in numerous locations. In 1980 Feldene, an anti-inflammatory was produced. The sales of this drug were in the billions, a first for Pfizer. In 1992 Pfizer came out with 3 new drugs. Zithromax, to treat bacterial infections, Norvasc, to treat high blood pressure, and Zoloft to treat depression as well as many other prescription drugs were all created in the same year. In 1997 Pfizer is recognized by Fortune Magazine as the world's most admired pharmaceutical company. In 1998 a break through came. Viagra, to treat erectile dysfunction, became an icon in our society. Pfizer's Viagra holds the current record for most successful drug launch. Commercials, jokes, and stories all came from this break through drug which Pfizer invested $2.5 million to research and develop.Pfizer does not only produce prescription medications. They also produce a numerous amounts of over the counter drugs as well. Some of these include Tums, Benadryl, Bengay, Listerine, and Rogaine just to name a few. Pfizer also dipped into the animal business. Pfizer Animal Health products are sold to veterinarians and animal health distributors in more than 140 countries around the globe. The products are used by livestock producers, horse and pet owners, and on more than 30 animal species. Furthermore, the Animal Health Group is dedicated to providing high-quality health-care animal products. To accomplish this, they invest over $4.7 billion annually in their Research & Development department, higher than anyone else in the industry, allowing them to constantly introduce innovative animal health products. Moreover, the company provides technical support for ranchers for any kind of health related issue. The technical support department works with local veterinarians in order to assist ranchers. This technical support is very vital because the ranchers are not just sold products; they actually receive continuous customer service and support.These days Pfizer is still committed to research and find more cures for diseases. They also want to help make their customer's lives more enjoyable. On March 18, 2004 Pfizer developed a new chewable formulation for Zyrtec, which helps relieve outdoor allergies. Day after day R&D (research and development) is busy to find new medications to help their customers. Pfizer's mission statement and purpose state, "We will become the world's most valued company to patients, customers, colleagues, investors, business partners, and the communities where we work and live. We dedicate ourselves to humanity's quest for longer, healthier, happier lives through innovation in pharmaceutical, consumer, and animal health products."Pfizer...

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