61 Facts About Pfizer Inc

Pfizer Inc is an American multinational pharmaceutical and biotechnology corporation headquartered on 42nd Street in Manhattan, New York City.

Pfizer Inc develops and produces medicines and vaccines for immunology, oncology, cardiology, endocrinology, and neurology.

Pfizer Inc has several blockbuster drugs or products that each generate more than billion in annual revenues.

Pfizer Inc was a component of the Dow Jones Industrial Average stock market index from 2004 to August 2020.

Pfizer Inc continued to buy property in the area to expand its lab and factory, retaining offices on Flushing Avenue until the 1960s; the Brooklyn plant ultimately closed in 2009.

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Pfizer Inc spent summers in similarly exclusive Newport, Rhode Island where he died in 1906.

In 1881, Pfizer Inc moved its administrative headquarters to 81 Maiden Lane in Manhattan, presaging the company's expansion to Chicago a year later.

World War I caused a shortage of calcium citrate, which Pfizer Inc imported from Italy for the manufacture of citric acid, and the company began a search for an alternative supply.

Pfizer Inc chemists learned of a fungus that ferments sugar to citric acid, and they were able to commercialize production of citric acid from this source in 1919.

Pfizer Inc developed expertise in fermentation technology as a result.

Pfizer Inc discovered oxytetracycline in 1950, and this changed the company from a manufacturer of fine chemicals to a research-based pharmaceutical company.

Pfizer Inc developed a drug discovery program focused on in vitro synthesis to augment its research in fermentation technology.

In 1980, Pfizer Inc launched Feldene, a prescription anti-inflammatory medication that became Pfizer Inc's first product to reach $1billion in revenue.

In 1986, Pfizer Inc acquired the worldwide rights to Zithromax, a macrolide antibiotic that is recommended by the Infectious Disease Society of America as a first line treatment for certain cases of community-acquired pneumonia, from Pliva.

In 1991 Pfizer Inc began marketing Zoloft, an antidepressant of the selective serotonin reuptake inhibitor (SSRI) class developed nine years earlier by Pfizer Inc chemists Kenneth Koe and Willard Welch.

In 1996, Eisai, in partnership with Pfizer Inc, received approval from the Food and Drug Administration for donepezil under the brand Aricept for treatment of Alzheimer's disease; Pfizer Inc received approval for Norvasc, an antihypertensive drug of the dihydropyridine calcium channel blocker class.

On December 3, 2006, Pfizer ceased development of torcetrapib, a drug that increases production of HDL, which reduces LDL thought to be correlated to heart disease.

Pfizer Inc has hired customs and narcotics experts worldwide to track down fakes and assemble evidence that can be used to pursue civil suits for trademark infringement.

In July 2008, Pfizer Inc announced 275 job cuts at its manufacturing facility in Kalamazoo, Michigan.

In 2003, Pfizer Inc merged with Pharmacia, and in the process acquired Searle and SUGEN.

On October 15, 2009, Pfizer acquired Wyeth for $68billion in cash and stock, including the assumption of debt, making Pfizer the largest pharmaceutical company in the world.

Pfizer Inc introduced an improved version of the vaccine in 2010, for which it was granted a patent in India in 2017.

In February 2011, Pfizer Inc announced the closure of its UK research and development facility in Sandwich, Kent, which at the time employed 2, 400 people.

In November 2012, Pfizer Inc received approval from the Food and Drug Administration for Xeljanz, a tofacitinib, for rheumatoid arthritis and ulcerative colitis.

Later in 2013, Pfizer Inc completed the corporate spin-off of its remaining stake in Zoetis.

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In September 2015, Pfizer acquired Hospira for $17billion, including the assumption of debt.

In November 2016, Pfizer Inc funded a $3, 435, 600 study with the CDC Foundation to research "screen-and-treat" strategies for cryptococcal disease in Botswana.

In December 2016, Pfizer Inc acquired AstraZeneca's small-molecule antibiotics business for $1.

In January 2018, Pfizer Inc announced that it would end its work on research into treatments for Alzheimer's disease and Parkinsonism.

In September 2019, Pfizer Inc initiated a study with the CDC Foundation to investigate the tracking of healthcare-associated infections, scheduled to run through to June 2023.

In December 2019, Pfizer Inc awarded the CDC Foundation a further $1, 948, 482 to continue its cryptococcal disease screening and treatment research in nine African countries.

Pfizer Inc joined the partnership as an industry "leadership organization", and participated as a collaborator in ACTIV-led clinical trials.

In Canada, Pfizer Inc endorsed the use of a vaccine passport mobile app developed by CANImmunize in order to record and track status of COVID-19 vaccination.

Unlike many of its competitors, Pfizer Inc took no initial research funds from the United States' Operation Warp Speed vaccine development program, instead choosing to invest roughly $2 billion of its own funds.

Pfizer Inc began PhaseII-III testing on 30, 000 people in the last week of July 2020 and was slated to be paid $1.

Pfizer Inc's CEO stated the companies in the private sector producing a vaccine should make a profit.

Pfizer Inc purchased large quantities of single-use medical and surgical gloves and protective bodysuits from Ansell during the process, contributing to a doubling of the supplier's manufacturing capacity.

In February 2021, after a year long investigation relying on unnamed officials, Pfizer was accused by The Bureau of Investigative Journalism of employing "high-level bullying" against at least two Latin American countries during negotiations to acquire COVID-19 vaccines, including requesting that the countries put sovereign assets as collateral for payments.

In November 2021, Pfizer Inc launched a new COVID-19 oral antivirus treatment known as Paxlovid.

Pfizer Inc said that the firm was setting up a collaboration to develop an anti-COVID pill treatment along with a French company, Novasep.

Pfizer Inc said the COVID vaccine was "safe and efficient" for children.

In September 2009, Pfizer Inc pleaded guilty to the illegal marketing of arthritis drug valdecoxib and agreed to a $2.

Pfizer Inc promoted the sale of the drug for several uses and dosages that the Food and Drug Administration specifically declined to approve due to safety concerns.

Pfizer Inc entered a corporate integrity agreement with the Office of Inspector General that required it to make substantial structural reforms within the company, and publish to its website its post approval commitments and a searchable database of all payments to physicians made by the company.

Pfizer Inc reported the Pharmacia marketing practices to the FDA and Department of Justice; Rost was unaware of this and filed an FCA lawsuit against Pfizer Inc.

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Pfizer Inc kept him employed, but isolated him until the FCA suit was unsealed in 2005.

The Justice Department declined to intervene, and Pfizer Inc fired him, and he filed a wrongful termination suit against Pfizer Inc.

Pfizer Inc won a summary dismissal of the case, with the court ruling that the evidence showed Pfizer Inc had decided to fire Rost prior to learning of his whistleblower activities.

BCBS alleged that Pfizer Inc used kickbacks and wrongly persuaded doctors to prescribe the drugs.

Pfizer Inc purchased Shiley in 1979, at the onset of its Convexo-Concave valve ordeal, involving the Bjork–Shiley valve.

In May 2012, Pfizer Inc settled the allegations, agreeing to pay $450million.

Nigerian medical personnel as well as at least one Pfizer Inc physician said the trial was conducted without regulatory approval.

The letter stated that the drug's oral form was safer and easier to administer, that Trovan had been used safely in more than five thousand Americans prior to the Nigerian trial, that mortality in the patients treated by Pfizer Inc was lower than that observed historically in African meningitis epidemics, and that no unusual side effects, unrelated to meningitis, were observed after four weeks.

In December 2010, a United States diplomatic cables leak was released by WikiLeaks indicating that Pfizer Inc hired investigators to find evidence of corruption against Nigerian attorney general Aondoakaa to persuade him to drop legal action.

Pfizer Inc committed to paying US$35 million "to compensate the families of children in the study", another US$30 million to "support healthcare initiatives in Kano", and 10 million to cover legal costs.

Pfizer Inc has inherited Wyeth's liabilities in the American Cyanamid site in Bridgewater Township, New Jersey, a highly toxic EPA Superfund site.

Pfizer Inc was a prominent sponsor of the 2022 Oscars ceremony alongside BioNTech.

Pfizer Inc has been a major donor to the National Press Foundation.

Pfizer Inc is affiliated with a variety of industry organizations engaging in political lobbying, and has made substantial direct donations to government and regulatory agencies:.

Pfizer Inc has engaged in a number of public health and global health initiatives worldwide, and provides funding for health care facilities of various specialties in Canada and the United States:.

Pfizer Inc has partnered with and sponsored many medical research networks and professional associations in the United States, Canada and globally:.