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

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Welcome to Episode #54 of the Zacks Market Edge Podcast. Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. In this episode ...
Posted: October 20, 2016, 12:50 pm

Debiopharm International SA Announces Clinical Collaboration with Merck KGaA, Darmstadt, Germany, and Pfizer in Cancer Immunotherapy

LAUSANNE, Switzerland, Oct. 20, 2016 (Canada NewsWire via COMTEX) -- This joint effort will initially focus on a Phase I/Ib trial in patients with Lung Cancer to assess safety and preliminary efficacy of Debio 1143 in combination with avelumab Debiopharm ...
Posted: October 20, 2016, 5:05 am

Pfizer to launch cheaper version of J&J immune drug Remicade

Drugmaker Pfizer said Monday that it will launch a less-expensive version of rival Johnson & Johnson's blockbuster immune disorder drug, Remicade. Pfizer Inc.'s version, called Inflectra, will hit pharmacies in late November. It will be only the second so ...
Posted: October 18, 2016, 5:29 am
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