Pfizers Net Worth is$67.425 Billion
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Nicknames: Pfizer Inc., PFIZER INC
What is Pfizers net worth? Pfizers net worth is $67.425 billion. Pfizer began as a joint venture between two German-American relatives, Charles Pfizer and Charles Erhart. The two men, cousins, launched a lab and business in Williamsburg, Brooklyn in the mid-1840s, in which they produced santonin, an antiparasitic. They then expanded into producing citric acid, and suddenly, they were off and running. They expanded their facilities multiple times over the course of the next fifty years, and by the turn of the century, the company was making a multi-million dollar profit. Their production of penicillin during World War II, based on their own fermentation process, cemented them as the most widely used pharmaceutical company. In the 1950s, Pfizer shifted its focus to research and development and has remained focused on these goals since. They have developed such drugs as Terramycin (antibiotic) Feldene (anti-inflammatory), Zoloft (antidepressant), Lipitor (lowers cholesterol), Diflucan (antifungal), and Viagra (erectile dysfunction), among many others. The company now distributes pharmaceuticals around the world, and various Pfizer products can be found in Belgium, Brazil, the UK, Canada, Iran, and Mexico, among a large number of other countries. The company currently employs 103,700 people, and still carried out a portion of research at its Brooklyn lab until 2005. The administrative offices are in Manhattan, and the primary lab has been located in Groton, Connecticut since 1960.

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Pfizers Latest News

Pfizer Gets FDA Approval For Rare Blood Cancer Drug Besponsa

Pfizer Inc. (PFE) said that the U.S. Food and Drug Administration has approved Besponsa(inotuzumab ozogamicin) for the treatment of adults with relapsed or refractory B-cell precursor acute lymphoblastic leukemia or ALL. BESPONSA was reviewed and approved ...
Posted: August 17, 2017, 6:19 pm

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FDA OKs Pfizer Drug For Rare, Fast-Killing Type Of Leukemia

TRENTON, N.J. (AP) – The Food and Drug Administration has approved a new medicine for use against a rare, rapidly progressing blood cancer after other treatments have failed. Pfizer’s Besponsa was approved for patients with a type of advanced acute ...
Posted: August 17, 2017, 6:06 pm

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Posted: August 17, 2017, 9:11 pm

FDA approves Pfizer's drug for rare blood cancer

The FDA approved Pfizer's drug Besponsa with a boxed warning. A boxed warning is the agency's severest form of warning. Besponsa is a treatment for a rare blood cancer. The U.S. Food and Drug Administration said on Thursday it approved Pfizer's rare blood ...
Posted: August 17, 2017, 7:04 pm
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