Charles Pfizer and his cousin Charles F. Erhart, both from Ludwigsburg, Germany, founded Pfizer in New York City in 1849. Pfizer’s products include the blockbuster drug Lipitor, used to lower LDL blood cholesterol; Lyrica for neuropathic pain and fibromyalgia; Diflucan, an oral antifungal medication; Zithromax, an antibiotic; Viagra for erectile dysfunction; Celebrex, an anti-inflammatory drug; and Prevnar 13, a pneumococcal conjugate vaccine. In 2016, Pfizer Inc. was expected to merge with Allergan to create the Ireland-based \”Pfizer plc\” in a deal that would have been
About Pfizer in brief
Charles Pfizer and his cousin Charles F. Erhart, both from Ludwigsburg, Germany, founded Pfizer in New York City in 1849. Pfizer’s products include the blockbuster drug Lipitor, used to lower LDL blood cholesterol; Lyrica for neuropathic pain and fibromyalgia; Diflucan, an oral antifungal medication; Zithromax, an antibiotic; Viagra for erectile dysfunction; Celebrex, an anti-inflammatory drug; and Prevnar 13, a pneumococcal conjugate vaccine. In 2016, Pfizer Inc. was expected to merge with Allergan to create the Ireland-based \”Pfizer plc\” in a deal that would have been worth US$160 billion. The merger was called off in April 2016, however, because of new rules from the US Department of the Treasury against tax inversions, a method of avoiding taxes by merging with a foreign company. The company has made the second-largest pharmaceutical settlement with the United States Department of Justice. On December 19, 2018,. Pfizer announced a joint merger of their consumer healthcare division with UK pharma giant GlaxoSmithKline; the British company will maintain a controlling 68% of shares. The change took effect at start of trading on August 31, 2020, when it was announced that the company would be replaced by Amgen in the Dow Jones. Pfizer developed a drug discovery program focused on in vitro synthesis in order to augment its research in fermentation technology.
During the 1980s and 1990s, they became the first to reach one billion dollars in total sales. In 2006, a Phase III clinical trial involving more than 15,000 patients took the group that took the production of torcetib, a drug that increases production of HDL, or good cholesterol, which reduces LDL cholesterol. In 2010, the company moved its medical research laboratory operations out of New York to a new facility in Groton, Connecticut. They discovered Terramycin in 1950, and this changed the company from a manufacturer of fine chemicals to a research-based pharmaceutical company. In 1980, they launched Feldene, a prescription anti- inflammatory medication that became Pfizer’s first product to reach 1 billion dollars. In 1990, they first launched Norvasc, an oral anti-vasc medication that was sustained by the discovery and marketing of Zithomax, Zithron, Arvix, Arifus, and Viagra. In the 1990s and 2000s, the group grew by mergers, including those with Warner–Lambert, Wyeth, and Wyethia. Development of Torcrapib, the torcatib drug that increased production of the drug torcrapab, a torcabib drug, increased the number of patients who took the drug in the clinical trial. In 2008, the drug was the first drug to reach $1 billion in sales.
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This page is based on the article Pfizer published in Wikipedia (as of Dec. 14, 2020) and was automatically summarized using artificial intelligence.
