Pfizer Inc.is the largest pharmaceutical company in the world also markets the highest number of billion-dollar brands ( Viagra
being one), has the highest research and development expenditure, has the largest sales force, is the partner of choice when it comes to developing and marketing prescription drugs, and is a leader in global corporate citizenship. Pfizer is the world�s largest pharmaceutical company with more than $55 billion in worldwide sales. Pfizer�s ascent to the leading position in the industry is primarily due to acquisitions of other major pharmaceutical companies. In 2000, Pfizer acquired Warner-Lambert Co. and in 2003, Pfizer acquired Pharmacia Corp. No other pharmaceutical company has taken on two giant acquisitions within such a short time frame.
During its 165-year history, Pfizer has evolved from a small family business to a specialty chemical company to a diversified manufacturing company to a research-based pharmaceutical company and the world�s largest company devoted to health care.
Pfizer�s employee count has almost tripled in four years from 45,000 to 122,000. Pfizer�s reach extends worldwide to more than 150 countries, including Japan, where the company is No. 1.
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The Pharmaceutical segment includes treatments for cardiovascular and metabolic diseases, central nervous system disorders, arthritis and pain,infectious and respiratory diseases, urogenital male impotence/erectile dysfunction (Viagra treatment solution), cancer, eye disease, endocrine disorders, and allergies.
The consumer health-care sector includes self-medications for oral care, upper-respiratory health, tobacco dependence, gastrointestinal health, skin care, eye care, and hair growth. The animal-health business includes products to treat diseases in livestock and companion animals.
Pfizer�s financial performance is rooted in the strong sales of its prescription pharmaceuticals. More than 1 billion prescriptions were written for Pfizer medications in 2003. Fourteen of Pfizer�s prescription medicines were category leaders last year, including Xalatan, the first ophthalmology medicine to top $1 billion a year in sales.
Xalatan, for lowering elevated intraocular pressure in patients with open-angle glaucoma, came to Pfizer through its Pharmacia acquisition. The Pharmacia transaction immediately strengthened Pfizer�s marketed product portfolio and opened new doors for Pfizer in the three largest markets worldwide: North America, Europe, and Japan.
Pfizer debuted as a cancer treatment company. Pfizer provides three cornerstone therapies in treating colorectal and breast cancer, two of the world�s most common and feared tumor types.
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