Pfizer is a transnational research and production company operating in the field of healthcare. Its goal is to discover and develop innovative, capital-intensive products that improve the quality of life of people around the world and allow them to enjoy a longer, healthy, and productive life. The company consists of three production and research units: health, consumer health, and veterinary.
History and modernity
Pfizer was founded in 1849 in Brooklyn. Pfizer was named after an American of German descent, Charles Pfizer, who, together with Charles Erhart, founded this pharmaceutical business. Starting with a modest facility for the production of fine chemicals, Pfizer grew into one of the largest biopharmaceutical companies in the world.
Nowadays the central office of multinational company Pfizer International Inc. is located in New York, the United States. The company representative offices in more than 100 countries. Research centers and laboratories are located in the USA (Andover, Cambridge, Groton, La Hoya, Pearl River, San Francisco, St. Louis) and Great Britain (Cambridge, Sandwich).
Product range offered by Pfizer
Priority areas of scientific work for the company are rheumatology, oncology, cardiovascular diseases, neurology and pain management, metabolic diseases, rare diseases, biosimilar products, and vaccines.
The company’s activity is aimed at developing drugs to combat the most severe and / or widespread ailments of mankind:
1) cardiovascular diseases (Norvasc, Accupro, Liprimar);
2) severe infections (Cefobid and Sulperazone);
3) systemic candidiasis (Diflucan);
4) prostatic adenoma (Cardura);
5) depression (Zoloft);
6) impotence (Viagra).
The range of products is very wide. In the company’s portfolio, there are also over-the-counter medications, in particular the well-known Visine, Bengay, and Desitin.
The most known prescription drug produced by Pfizer is Sildenafil marketed as Viagra. Viagra price is high, but the drug is still popular among male persons all over the world. To get an erection after taking a medication you need sexual stimulation. The beginning of the functioning of the drug depends on a particular person: in more than 75% of men the drug begins to act after 30 minutes (in some men the effect comes later). How long does Viagra last? The medicament acts for approximately 6 hours after administration. Side effects of Viagra are relatively rare; this drug has quite high safety profile.
According to Jeff Kindler, Pfizer is no longer going to depend on the success of several blockbusters. This is the main reason for the acquisition of Wyeth, one of the first large companies to invest in biotechnology.
Pfizer will focus on products of biological origin, such as vaccines and drugs for treating Alzheimer’s disease and cancer, instead of giving preference to conventional drugs, such as hypocholesterolemic and antihypertensive drugs, as well as antidepressants. In addition, the company intends to work more actively in the markets of drugs for older people.