Pfizer Inc. is a leading global pharmaceutical company known for its innovation, extensive portfolio of medicines, and contributions to healthcare.
From life-saving vaccines to advanced therapeutics, Pfizer has a long legacy of improving patient outcomes.
With a strong presence in over 150 countries, it is recognized as a driving force in the pharmaceutical industry. Its commitment to research and development keeps Pfizer at the forefront of medical advancements.
Who Owns Pfizer?
Pfizer is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol PFE.
Ownership is distributed among numerous institutional investors and individual shareholders. Vanguard Group, BlackRock, and State Street Corporation are among the largest institutional stakeholders.
This diversified ownership ensures that no single entity exercises controlling power, with corporate governance managed by its Board of Directors.
What Companies Does Pfizer Own?
Pfizer has acquired and owns several companies and subsidiaries that align with its strategy in advancing healthcare solutions and expanding its global footprint.
BioNTech Collaboration
Pfizer collaborates closely with BioNTech, a German biotechnology company, primarily for the development and distribution of the COVID-19 vaccine, Comirnaty.
While Pfizer does not own BioNTech, this partnership is a significant part of its vaccine strategy and global health initiatives.
Hospira
Acquired by Pfizer in 2015, Hospira specializes in injectable drugs, biosimilars, and infusion technologies.
This acquisition strengthened Pfizer’s position in sterile injectables and allowed it to tap into the growing biosimilar market, improving accessibility to critical medicines.
Wyeth
Wyeth, purchased by Pfizer in 2009, contributes to its vaccine division with products such as Prevnar, a pneumococcal vaccine.
The acquisition also expanded Pfizer’s presence in biologics and over-the-counter consumer health products.
Medivation
Pfizer acquired Medivation in 2016 to enhance its oncology portfolio. Medivation developed Xtandi, a treatment for prostate cancer, which became a key product in Pfizer’s cancer treatment offerings.
Array BioPharma
Array BioPharma was acquired in 2019, bringing expertise in small molecule medicines for cancer treatment.
This addition bolstered Pfizer’s innovation in precision medicine and oncology therapeutics.
King Pharmaceuticals
Acquired in 2010, King Pharmaceuticals brought a focus on pain management and supportive care products.
This acquisition complemented Pfizer’s existing portfolio and expanded its offerings in specialty therapeutics.
Anacor Pharmaceuticals
Anacor Pharmaceuticals, acquired in 2016, developed Eucrisa, a non-steroidal topical treatment for eczema.
This strategic acquisition added strength to Pfizer’s inflammation and immunology pipeline.
Pfizer Consumer Healthcare (Joint Venture)
Previously, Pfizer owned a prominent consumer healthcare division. However, in 2019, it merged this division with GlaxoSmithKline to form a joint venture.
Pfizer retained equity in the venture, which focuses on leading over-the-counter health brands worldwide.
When Was Pfizer Founded?
Pfizer was founded in 1849 by Charles Pfizer and Charles Erhart, two German immigrants, in Brooklyn, New York.
Initially, the company produced citric acid and other fine chemicals. Pfizer’s early growth was bolstered during World War II when it mass-produced penicillin for Allied forces, establishing itself as a leader in large-scale pharmaceutical manufacturing.
Who Is the CEO of Pfizer?
Albert Bourla has been Pfizer’s CEO since January 2019. Bourla, a veterinarian by training, joined Pfizer in 1993 and held various leadership roles before becoming CEO.
Under his leadership, the company played a pivotal role in the development and distribution of the COVID-19 vaccine, earning global recognition for its rapid response to the pandemic.
Where Is the Headquarters of Pfizer?
Pfizer is headquartered in New York City, New York, United States. The headquarters houses key corporate functions and serves as a global hub.
The company also has large centers for R&D and manufacturing across the U.S. and internationally, ensuring operational efficiency and innovation.
What Is the Annual Revenue of Pfizer?
As of 2024, Pfizer reported annual revenue of approximately $64 billion, driven largely by sales of its COVID-19 vaccine and antiviral treatments.
This represents a significant leap compared to previous years, highlighting Pfizer’s pivotal role in addressing the global health crisis while maintaining strong performance across its core pharmaceutical products.
How Many Employees Does Pfizer Have?
Pfizer employs approximately 88,000 people worldwide. Its workforce includes scientists, healthcare professionals, engineers, and administrative staff, all contributing to the company’s mission to deliver breakthroughs that change patients’ lives.
The global presence and diverse expertise within its workforce underscore Pfizer’s role as a leader in the pharmaceutical industry.
Conclusion
Pfizer is a powerhouse in the pharmaceutical sector, known for its contributions to global healthcare. Its acquisitions, including Hospira, Wyeth, and Medivation, have enhanced its portfolio and capabilities.
With a history dating back to 1849, a strong leadership team, and significant annual revenues, Pfizer continues to impact millions of lives globally.
Its dedication to innovation and patient care secures its position as an industry leader for years to come.
FAQs
What is Pfizer known for?
Pfizer is known for its innovative pharmaceutical products, including vaccines, oncology treatments, and medications for cardiovascular, inflammatory, and infectious diseases. It is widely recognized for developing the COVID-19 vaccine in partnership with BioNTech.
What are the 4 pillars of Pfizer?
Pfizer’s four strategic pillars include Innovation, focusing on developing groundbreaking medicines; People, ensuring a strong, diverse, and skilled workforce; Equity, improving access to healthcare worldwide; and Resilience, maintaining robust operations to meet global health challenges.
Where is Pfizer’s headquarters?
Pfizer’s headquarters is located in New York City, New York, United States. It serves as the global center for the company’s leadership and corporate functions.