Pfizer Inc.
/fazr/ is an American multinational pharmaceutical corporation headquartered
in New York City,[3] with its research headquarters in Groton, Connecticut. It is among the
world's largest pharmaceutical companies.[4] Pfizer is listed on the New York Stock Exchange,
and its shares have been a component of the Dow Jones Industrial Average since 2004.[5]
Pfizer develops and produces medicines and vaccines for a wide range of medical disciplines,
including immunology, oncology, cardiology, diabetology/endocrinology, and neurology.
Pfizer's products include the blockbuster drug Lipitor (atorvastatin), used to lower LDL blood
cholesterol; Lyrica (pregabalin) for neuropathic pain/fibromyalgia; Diflucan (fluconazole), an
oral antifungal medication; Zithromax (azithromycin), an antibiotic; Viagra (sildenafil) for
erectile dysfunction; and Celebrex/Celebra (celecoxib), an anti-inflammatory drug.
Pfizer was founded in 1849 by cousins Charles Pfizer and Charles F. Erhart in New York City
as a manufacturer of fine chemicals. Its discovery of Terramycin (oxytetracycline) in 1950
put it on a path towards becoming a research-based pharmaceutical company. Pfizer has made
numerous acquisitions, including WarnerLambert in 2000, Pharmacia in 2003, and Wyeth in
2009 (the largest of the three at $68 billion).[6][7]
In 2016, Pfizer Inc. is expected to merge with Allergan plc, in a deal worth $160 billion, to
create the Ireland-based "Pfizer plc".[8