Pfizer
40°45′01″N 73°58′21″W / 40.75028°N 73.97250°W
CEO) | |
Products | |
---|---|
Revenue | US$58.5 billion (2023) |
US$2.17 billion (2023) | |
US$2.12 billion (2023) | |
Total assets | US$226.5 billion (2023) |
Total equity | US$89.01 billion (2023) |
Number of employees | c. 88,000 (2023) |
Website | pfizer |
Footnotes / references [1][2] |
Pfizer Inc. (/ˈfaɪzər/ FY-zər)[3] is an American multinational pharmaceutical and biotechnology corporation headquartered at The Spiral in Manhattan, New York City. The company was established in 1849 in New York by two German entrepreneurs, Charles Pfizer (1824–1906) and his cousin Charles F. Erhart (1821–1891).
Pfizer develops and produces medicines and vaccines for immunology, oncology, cardiology, endocrinology, and neurology. The company's largest products by sales are the Pfizer–BioNTech COVID-19 vaccine ($11 billion in 2023 revenues), apixaban ($6 billion in 2023 revenues), a pneumococcal conjugate vaccine ($6 billion in 2023 revenues), palbociclib ($4 billion in 2023 revenues), and tafamidis ($3 billion in 2023 revenues).[1] In 2023, 46% of the company's revenues came from the United States, 6% came from Japan, and 48% came from other countries.[1]
The company ranks 38th on the Fortune 500[4] and 39th on the Forbes Global 2000.[5]
History
1849–1950: Early history
Pfizer was founded in 1849 as "Charles Pfizer & Company" by
In 1881, Pfizer moved its administrative headquarters to 81 Maiden Lane in
World War I caused a shortage of calcium citrate, which Pfizer imported from Italy for the manufacture of citric acid, and the company began a search for an alternative supply. Pfizer chemists learned of a fungus that ferments sugar to citric acid, and they were able to commercialize production of citric acid from this source in 1919. The company developed expertise in fermentation technology as a result. These skills were applied to the deep-submergence mass production of penicillin, an antibiotic, during World War II in response to the need to treat injured Allied soldiers.[11] The company also embarked on a global soil collection program related to improving production yields of penicillin which ultimately resulted in 135,000 samples.[12]
On June 2, 1942, the company incorporated in Delaware.[1]
1950–1980: Pivot to pharmaceutical research and global expansion
Due to price declines for
By the 1950s, Pfizer had established offices in Belgium, Brazil, Canada, Cuba, Mexico, Panama, Puerto Rico, and the United Kingdom. In 1960, the company moved its medical research laboratory operations out of New York City to a new facility in Groton, Connecticut. In 1980, Pfizer launched Feldene (piroxicam), a prescription anti-inflammatory medication that became Pfizer's first product to reach $1 billion in revenue.[10]
In 1965, John Powers, Jr. became chief executive officer of the company, succeeding John McKeen.[10]
As the area surrounding its Brooklyn plant fell into decline in the 1970s and 1980s, the company formed a public-private partnership with New York City that encompassed the construction of low- and middle-income housing, the refurbishment of apartment buildings for the homeless and the establishment of a charter school.[9]
In 1972, Edmund T. Pratt Jr. became chief executive officer of the company, succeeding John Powers, Jr.[10]
1980–2000: Development of Viagra, Zoloft, and Lipitor
In 1981, the company received approval for Diflucan (
In 1986, Pfizer acquired the worldwide rights to Zithromax (
In 1989, Pfizer scientists Peter Dunn and Albert Wood created Viagra (
In 1991,
In 1991 Pfizer also began marketing Zoloft (
In 1996,
In 1997, the company entered into a co-marketing agreement with Warner–Lambert for Lipitor (atorvastatin), a statin for the treatment of hypercholesterolemia. Although atorvastatin was the fifth statin to be developed, clinical trials showed that atorvastatin caused a more dramatic reduction in low-density lipoprotein pattern C (LDL-C) than the other statin drugs. Upon its patent expiration in 2011, Lipitor was the best-selling drug ever, with approximately $125 billion in sales over 14.5 years.[23]
2000–2010: Further expansion
In 2001,
In 2002, The Bill & Melinda Gates Foundation purchased stock in Pfizer.[25]
In 2004, the company received approval for Lyrica (
In July 2006, Jeff Kindler was named chief executive officer of the company, replacing Henry McKinnell.[24][30]
On December 3, 2006, Pfizer ceased development of
Between 2007 and 2010, Pfizer spent $3.3 million on investigations and legal fees and recovered about $5.1 million, and had another $5 million of pending recoveries from civil lawsuits against makers of counterfeit prescription drugs. Pfizer has hired customs and narcotics experts worldwide to track down fakes and assemble evidence that can be used to pursue civil suits for trademark infringement.[35]
In July 2008, Pfizer announced 275 job cuts at its manufacturing facility in
Acquisitions and mergers
In June 2000, Pfizer acquired Warner-Lambert outright for $116 billion. To satisfy conditions imposed by antitrust regulators at the
In 2003, Pfizer merged with
In October 2006, the company announced it would acquire PowerMed.[46]
On October 15, 2009, Pfizer acquired Wyeth for $68 billion in cash and stock, including the assumption of debt, making Pfizer the largest pharmaceutical company in the world.[47][48][49][50][51] The acquisition of Wyeth provided Pfizer with a pneumococcal conjugate vaccine, trademarked Prevnar 13; this is used for the prevention of invasive pneumococcal infections. The introduction of the original, 7-valent version of the vaccine, developed by Wyeth in February 2000, led to a 75% reduction in the incidence of invasive pneumococcal infections among children under age 5 in the United States. Pfizer introduced an improved version of the vaccine in 2010, for which it was granted a patent in India in 2017. Prevnar 13 provides coverage of 13 bacterial variants, expanding beyond the original 7-valent version.[51] By 2012, the rate of invasive infections among children under age 5 had been reduced by an additional 50%.[52][53]
2010–2020: Further discoveries and acquisitions
In 2010, Ian Read was named chief executive officer of the company.[55]
In February 2011, Pfizer announced the closure of its UK research and development facility (formerly also a manufacturing plant) in
On September 4, 2012, the FDA approved bosutinib (Bosulif) for chronic myelogenous leukemia (CML), a rare type of leukemia and a blood and bone marrow disease that affects primarily older adults.[58] In November 2012, Pfizer received approval from the Food and Drug Administration for Xeljanz, a tofacitinib, for rheumatoid arthritis and ulcerative colitis.[59] The drug had sales of $1.77 billion in 2018, and in January 2019, it was the top drug in the United States for direct-to-consumer advertising, passing adalimumab (Humira).[60]
On February 1, 2013, Zoetis, the Agriculture Division of Pfizer and later Pfizer Animal Health, became a public company via an initial public offering, raising $2.2 billion.[61][62][63][64] Later in 2013, Pfizer completed the corporate spin-off of its remaining stake in Zoetis.[65][66]
In September 2014, the company acquired Innopharma for $225 million, plus up to $135 million in milestone payments, in a deal that expanded Pfizer's range of generic and injectable drugs.[67][68]
On January 5, 2015, the company announced it would acquire a controlling interest in Redvax, expanding its vaccine portfolio targeting human
In June 2016, the company acquired Anacor Pharmaceuticals for $5.2 billion, expanding its portfolio in both inflammation and immunology drugs areas.
In January 2018, Pfizer announced that it would end its work on research into treatments for
In July 2019, the company acquired Therachon for up to $810 million, expanding its rare disease portfolio through Therachon's recombinant human fibroblast growth factor receptor 3 compound, aimed at treating conditions such as
2020: COVID-19 pandemic and vaccine development
In March 2020, Pfizer joined the COVID-19 Therapeutics Accelerator funding vehicle to expedite development of treatments against COVID-19.[114][115] The $125 million initiative was launched by the Bill & Melinda Gates Foundation in partnership with Mastercard and Wellcome Trust, with additional funding announced shortly after from Chan Zuckerberg Initiative, UK Foreign, Commonwealth and Development Office and Madonna.[116][117]
The following month, the
In Canada, Pfizer endorsed the use of a vaccine passport mobile app developed by CANImmunize in order to record and track status of COVID-19 vaccination.[122]
As the scale of the COVID-19 pandemic became apparent, Pfizer partnered with BioNTech to study and develop COVID-19 mRNA vaccine candidates. Unlike many of its competitors, Pfizer took no initial research funds from the United States' Operation Warp Speed vaccine development program, instead choosing to invest roughly $2 billion of its own funds. Pfizer CEO Albert Bourla has said that he declined money from Operation Warp Speed to avoid government intervention, stating later that "when you get money from someone that always comes with strings. They want to see how we are going to progress, what type of moves you are going to do. They want reports. And also, I wanted to keep Pfizer out of politics, by the way."[123]
In May 2020, Pfizer began testing four different
On November 9, 2020, Pfizer announced that BioNTech's COVID-19 vaccine, tested on 43,500 people, was found to be 90% effective at preventing symptomatic COVID-19.[128] The efficacy was updated to 95% a week later.[129] Akiko Iwasaki, an immunologist interviewed by the New York Times, described the efficacy figure as "really a spectacular number."[130] The announcement made Pfizer and BioNTech the first companies to develop and test a working vaccine for COVID-19.[129]
Over the following month and a half, regulators in various countries approved Pfizer's vaccine for emergency use.[131][132][133][134][135][136][137][138]
Controversy
In February 2021, after a year long investigation relying on unnamed officials, Pfizer was accused by
On 2 November 2021, TBMJ published an article after obtaining information from a
On 10 October 2022, during a session of the European Parliament's Special Committee on the COVID-19 Pandemic, Pfizer executive Janine Small testified that the company had not evaluated their COVID-19 vaccine for its ability to reduce transmission of the SARS-CoV-2 virus prior to its release to the general public.[143][144] Dutch MEP Rob Roos described the admission as "scandalous".[145] CEO Albert Bourla was slated to attend, but withdrew.[146] Roos' statements in turn have been described as "misleading".[147]
Development of oral antivirals
In November 2021, Pfizer launched a new COVID-19 oral antivirus treatment known as Paxlovid. In January 2022, the Pfizer CEO Albert Bourla confirmed that the trial results of a fourth dose were pending until March 2022. He said that the firm was setting up a collaboration to develop an anti-COVID pill treatment along with a French company, Novasep. He also said the COVID vaccine was "safe and efficient" for children.[148][149] In May 2022, reports emerged of patients experiencing "rebound" symptoms after completing a five-day course of Paxlovid.[150] The FDA responded by announcing they had performed additional analyses of the drug's clinical trial data, and decided against changing its recommendations.[151] U.S. President Joe Biden and Dr. Anthony Fauci were both reported to experience this rebound syndrome in the months that followed, while continuing to recommend the drug for those who may benefit from it.[152]
Late 2020–onwards: Corporate developments and acquisitions
In September 2020, the company acquired a 9.9% stake in CStone Pharmaceuticals for $200 million (HK$1.55 billion), helping to commercialise its anti-PD-L1 monoclonal antibody, CS1001.[153] In October 2020, the company acquired Arixa Pharmaceuticals.[154] In November 2020, using a Reverse Morris Trust structure, Pfizer merged its off-patent branded and generic drug business, known as Upjohn, with Mylan to form Viatris, owned 57% by Pfizer shareholders.[155][156]
On January 5, 2021, Pfizer introduced a new logo.[157] In April 2021, Pfizer acquired Amplyx Pharmaceuticals and its anti-fungal compound fosmanogepix (APX001).[158][159] In August, the company announced it would acquire Trillium Therapeutics Inc and its immuno-oncology portfolio for $2.3 billion.[160][161]
In January 2022, Pfizer's chief executive, Albert Bourla was awarded the $1 million Genesis Prize for his leadership in the development of the COVID-19 vaccine. The Genesis Prize is awarded annually to an individual for professional achievement, contributions to humanity and commitment to Jewish values.[162]
In March 2022, the company acquired Arena Pharmaceuticals for $6.7 billion in cash.[163][164][165] In June 2022, the company acquired ReViral Ltd, for up to $525 million, gaining access to experimental drugs used to combat respiratory syncytial virus infections.[166][167] In October 2022, the company acquired Biohaven Pharma and its calcitonin gene-related peptide programs for $11.6 billion.[168][169][170] It also acquired Global Blood Therapeutics for $5.4 billion, boosting Pfizer's rare disease business.[171][172][173]
In March 2023, the company agreed to acquire
On April 3, 2023, Pfizer announced that it had moved its world headquarters from its longtime home of six decades on 42nd Street in Midtown Manhattan to the Spiral at Hudson Yards.[177][54] In the same summer, Pfizer's important injectables manufacturing facility in Rocky Mount, North Carolina was hit by a tornado and had to close production for several weeks.[178]
In the first quarter of 2023, Pfizer created an operating segment, Business Innovation, that includes Pfizer CentreOne (PC1), the company’s global contract development and manufacturing organization (CDMO) and a supplier of specialty active pharmaceutical ingredients; and Pfizer Ignite, an group that provides guidance and end-to-end R&D services to select innovative biotech companies that also work in Pfizer’s R&D focus areas.[2]
Acquisition history
- Pfizer (Founded 1849 as Charles Pfizer & Company)
- Warner–Lambert
- William R. Warner (Founded 1856, merged 1955)
- Lambert Pharmacal Company (Merged 1955)
- Parke-Davis (Founded 1860, Acq 1976)
- Wilkinson Sword (Acq 1993, divested 2003)
- Agouron (Acq 1999)
- Pharmacia (Acq 2002)
- Pharmacia & Upjohn (Merged 2000)
- Esperion Therapeutics (Acq 2003, divested 2008)
- Meridica (Acq 2004)
- Vicuron Pharmaceuticals (Acq 2005)
- Idun (Acq 2005)
- Angiosyn (Acq 2005)
- Powermed (Acq 2006)
- Rinat (Acq 2006)
- Coley Pharmaceutical Group (Acq 2007)
- CovX (Acq 2007)
- Encysive Pharmaceuticals Inc (Acq 2008)
- Wyeth (Acq 2009)
- Chef Boyardee (Acq 1946, divested 1996 with food div)
- S.M.A. Corporation
- Ayerst Laboratories (Acq 1943)
- Fort Dodge Serum Company (Acq 1945)
- Bristol-Myers(Animal Health div)
- Parke-Davis (Animal Health div)
- A.H. Robins
- Sherwood Medical (Acq 1982)
- Genetics Institute, Inc.(Acq 1992)
- American Cyanamid (Acq 1994)
- Lederle Laboratories
- Solvay (Acq 1995, Animal Health div)
- King Pharmaceuticals (Acq 2010)
- Monarch Pharmaceuticals, Inc.
- King Pharmaceuticals Research and Development, Inc.
- Meridian Medical Technologies, Inc.
- Parkedale Pharmaceuticals, Inc.
- King Pharmaceuticals Canada Inc.
- Monarch Pharmaceuticals Ireland Limited
- Synbiotics Corporation (Acq 2011)
- Icagen (Acq 2011)
- Ferrosan (Consumer Health div, Acq 2011)
- Excaliard Pharmaceuticals (Acq 2011)
- Alacer Corp (Acq 2012)
- NextWave Pharmaceuticals, Inc (Acq 2012)
- Innopharma (Acq 2014)
- Redvax GmbH (Acq 2014)
- Hospira (Spun off from Abbott Laboratories 2004, Acq 2015)
- Mayne Pharma Ltd (Acq 2007)
- Pliva-Croatia
- Orchid Chemicals & Pharmaceuticals Ltd.(Generics & Injectables div, Acq 2009)
- Javelin Pharmaceuticals, Inc. (Acq 2010)
- TheraDoc (Acq 2010)
- Arixa Pharmaceuticals (Acq 2020)
- Anacor Pharmaceuticals(Acq 2016)
- Bamboo Therapeutics (Acq 2016)
- Medivation (Acq 2016)
- AstraZeneca (Small molecule antibiotic div, Acq 2016)
- Array BioPharma (Acq 2019)
- Amplyx Pharmaceuticals (Acq 2021)
- Trillium Therapeutics (Acq 2021)
- Arena Pharmaceuticals (Acq 2022)
- ReViral Ltd (Acq 2022)
- Biohaven Pharma (Acq 2022)
- Kleo Pharmaceuticals, Inc. (Acq 2021)
- Seagen (Acq 2023)
- Cascadian Therapeutics (Acq 2018)
- Warner–Lambert
Legal issues
Aggressive pharmaceutical marketing
Pfizer has been accused of aggressive pharmaceutical marketing.[179][180][181]
Illegal marketing of gabapentin for off-label uses
In 1993, the
Illegal marketing of Bextra
In September 2009, Pfizer pleaded guilty to the illegal marketing of
Termination of Peter Rost
Illegal marketing of Rapamune
A "whistleblower suit" was filed in 2005 against
Illegal marketing
In June 2010, health insurance network
Quigley Company asbestos
The Quigley Company, which sold asbestos-containing insulation products until the early 1970s, was acquired by Pfizer in 1968. In June 2013, asbestos victims and Pfizer negotiated a settlement that required Pfizer to pay a total of $964 million: $430 million to 80% of existing plaintiffs and place an additional $535 million into a settlement trust that will compensate future plaintiffs as well as the remaining 20% of plaintiffs with claims against Pfizer and Quigley. Of that $535 million, $405 million is in a 40-year note from Pfizer, while $100 million is from insurance policies.[202]
Shiley defective heart valves
Pfizer purchased Shiley in 1979, at the onset of its Convexo-Concave valve ordeal, involving the
Firing of employee that filed suit
A federal lawsuit was filed by a scientist claiming she got an infection by a genetically modified
Celebrex intellectual property
Nigeria Trovafloxacin lawsuit
In 1996, an outbreak of measles, cholera, and bacterial meningitis occurred in Nigeria. Pfizer representatives and personnel from a contract research organization (CRO) traveled to Kano to set up a clinical trial and administer an experimental antibiotic, trovafloxacin, to approximately 200 children.[207] Local Kano officials reported that more than fifty children died in the experiment, while many others developed mental and physical deformities.[208] The nature and frequency of both fatalities and other adverse outcomes were similar to those historically found among pediatric patients treated for meningitis in sub-Saharan Africa.[209] In 2001, families of the children, as well as the governments of Kano and Nigeria, filed lawsuits regarding the treatment.[210] According to Democracy Now!, "[r]esearchers did not obtain signed consent forms, and medical personnel said Pfizer did not tell parents their children were getting the experimental drug."[211] The lawsuits also accused Pfizer of using the outbreak to perform unapproved human testing, as well as allegedly under-dosing a control group being treated with traditional antibiotics in order to skew the results of the trial in favor of Trovan. Nigerian medical personnel as well as at least one Pfizer physician said the trial was conducted without regulatory approval.[212][213]
In 2007, Pfizer published a Statement of Defense letter, stating that the drug's oral form was safer and easier to administer. Trovan had been used safely in more than five thousand Americans prior to the Nigerian trial, and mortality in the patients treated by Pfizer was lower than that observed historically in African meningitis epidemics. No unusual side effects, unrelated to meningitis, were observed after four weeks.[214]
In June 2010, the US Supreme Court rejected Pfizer's appeal against a ruling allowing lawsuits by the Nigerian families to proceed.[215]
In December 2010, the United States diplomatic cables leak indicated that Pfizer hired investigators to find evidence of corruption against Nigerian attorney general Michael Aondoakaa to persuade him to drop legal action.[216] The Washington Post reporter Joe Stephens, who helped break the story in 2000, called these actions "dangerously close to blackmail".[211] In response, the company released a press statement describing the allegations as "preposterous" and saying that it acted in good faith.[217] Aondoakka, who had allegedly demanded bribes from Pfizer in return for a settlement of the case,[218] was declared unfit for office and had his U.S. visa revoked in association with corruption charges in 2010.[219][220]
The lawsuits were eventually settled out of court. Pfizer committed to paying US$35 million "to compensate the families of children in the study", another US$30 million to "support healthcare initiatives in Kano", and $10 million to cover legal costs. Payouts began in 2011.[221]
Inflating Prices
In July 2022, UK antitrust authorities fined Pfizer £63 million for unfairly high priced drug that aids in controlling epileptic seizures. The Competition and Markets Authority stated that the company took advantage of loopholes by de-branding epilepsy drug Epanutin, by doing so the price of Epanutin's price was not regulated to the same standards the company are used to and therefore the price of the drug was raised. It was stated that over a four-year period, Pfizer had billed Epanutin for around 780% and 1,600% higher than its standard price.[222]
Allegations of patent infringement on mRNA technology
In August 2022, Moderna announced that it will sue Pfizer and its partner BioNTech for infringing their patent on the mRNA technology.[223]
Environmental record
Since 2000, the company has implemented more than 4,000 greenhouse gas reduction projects.[224]
In 2012, the company was named to the Carbon Disclosure Project's Carbon Leadership Index in recognition of its efforts to reduce greenhouse gas emissions.[225]
Pfizer has inherited Wyeth's liabilities in the
In June 2002, a chemical explosion at the Groton plant injured 7 people and caused the evacuation of more than 100 homes in the surrounding area.[228]
Public-private engagement
Pfizer engages with the public and private sectors in a variety of settings including to promote
Academia
- Institute for Advanced Study - Matching gifts and direct donor.[229][230]
- University of Toronto - Donor to the Boundless Campaign,[231] and member of the President's Circle.[232]
- University of Washington - Member of the Honor Roll of Donors, having contributed between $10 million and $50 million to funding the school as of 2020.[233]
Activism
- Habitat for Humanity - Donor.[234]
- Human Rights Campaign (HRC) - Corporate partner.[235] HRC is a large LGBT civil rights activism group.
- National Women's Law Center - Donor.[236]
- Share Our Strength - Donor.[237]
- WaterAid - Partner.[238]
Conferences and summits
- Women in Medicine Summit - Sponsor.[239]
- World Neuroscience Innovation Forum - Strategic partner.[240]
Media
During the
Pfizer was a prominent sponsor of the 2022 Oscars ceremony alongside BioNTech.[243]
Pfizer has been a major donor to the National Press Foundation.[244][245] Pfizer sponsored a program for the NPF called "Cancer Issues 2010" to train journalists to "understand the latest research" on various cancers, including the role of pharmaceutical products and vaccines. MicroRNA (miRNA) was also a listed topic.[246][247]
Pfizer sponsors 19 to Zero, a "coalition of academics, public health experts, behavioural economists, and creative professionals" that develops media and educational materials to influence public perception surrounding COVID-19 and COVID-19 vaccines.[248]
Medical societies
- American Society of Hematology - Sponsor.[249]
- Arthritis Society - National partner. Pfizer also supports the organization's provincial branches in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, and Quebec.[250]
- Canadian Cancer Society - Sponsor.[251]
- Canadian Paediatric Society - Funding. CPS is the organization that administers the Canadian Immunization Monitoring Program, Active (IMPACT) vaccine safety program.[252]
- Canadian Society of Internal Medicine - Annual conference sponsor with Bristol Myers Squibb.[253]
- Endocrine Society - Corporate Liaison Board member.[254]
- European Society of Cardiology - Sponsor of the EURObservational Research Programme.[255]
- Spanish Cardiac Society - Strategic partner.[256]
Political lobbying
Pfizer is affiliated with a variety of industry organizations engaging in political lobbying, and has made substantial direct donations to government and regulatory agencies:
- Adult Vaccine Access Coalition - Member.[257]
- Alliance for a Stronger FDA - Member.[258]
- AMR Industry Alliance - Member.[259]
- BIOTECanada - Member company.[260][261]
- Bipartisan Policy Center - Donor.[262]
- The Business Council - Member, represented by CEO Albert Bourla.[263]
- Business Council for the United Nations - Member.[264]
- Center on Budget and Policy Priorities - Funder.[265]
- Community Anti-Drug Coalitions of America (CADCA) - Partner.[266]
- COVID-19 Vaccine Education and Equity Project - Sponsor.[267]
- European Federation of Pharmaceutical Industries and Associations - Member.[268]
- Foundation for the National Institutes of Health (FNIH) - Donor. Pfizer has given between $5,000,000 and $9,999,999 to the between 1997 and 2020, contributing to funding the activities of the National Institutes of Health.[269]
- Global Health Council - Member.[270]
- Immunisation Coalition (Australia) - Sponsor.[271]
- Innovative Medicines Canada - Member. IMC is an association of pharmaceutical companies doing business in Canada.[272][273] The group lobbies the Government of Ontario and House of Commons of Canada through Rubicon Strategy, a firm owned by Progressive Conservative Party of Ontario campaign manager Kory Teneycke.[274][275][276]
- International Federation of Pharmaceutical Manufacturers & Associations (IFPMA) - Member.[277]
- Life Sciences British Columbia (LSBC) - Member company and Platinum Sponsor.[278][279]
- U.S. Government on issues related to healthcare reform.[280]
- National Pharmaceutical Council (NPC) - Member company.[281]
- Personalized Medicine Coalition (PMC) - Member.[282][283]
- Pharmaceutical Advertising Advisory Board (PAAB) - Client.[284]
- Pharmaceutical Research and Manufacturers of America (PhRMA) - Member company.[285][286]
- Reagan-Udall Foundation for the Food and Drug Administration - Donor.[287]
- Research!America - Member organization.[288]
- U.S. Global Leadership Coalition - Member.[289]
- World Economic Forum - Member organization.[290][291]
Pfizer lobbied various officials in the Government of British Columbia between April and November 2012, including then-premier Christy Clark, future premier John Horgan, future health minister Adrian Dix, and future deputy premier, minister of public safety and solicitor general Mike Farnworth. The disclosed purpose was to "provide health policy and pharmaceutical information and communications on behalf of Pfizer Canada," and "learn and understand the budgetary, policy and strategic directions of the Government."[293]
Professional associations
- Academy of Surgical Research (ASR) - 2021 Annual Meeting sponsor.[294]
- American Statistical Association (ASA) - Corporate supporter.[295]
- Bioscience Association Manitoba (BAM) - Sponsor.[296]
- British Columbia Pharmacy Association (BCPA) - Event sponsor.[297]
- Canadian Association for Clinical Microbiology and Infectious Diseases (CACMID) - Patron (former).[298]
- Canadian Association of Emergency Physicians (CAEP) - Corporate partner.[299]
- Canadian Association of Medical Oncologists - Annual meeting sponsor.[300]
- Canadian Medical Association - Sponsor. In 2009, Pfizer partnered with the CMA to launch a continuing medical education course for physicians.[301]
- Canadian Pharmacists Association and Canadian Pharmacists Journal - Sponsor.[302]
- Canadian Public Health Association - Sponsor.[303]
- Canadian Rheumatology Association - Sponsor.[304]
- Canadian Urological Association - Sponsor.[305][306]
- Ontario Medical Association (OMA) - Donor to the Ontario Medical Foundation.[307]
- Pharmacy Association of Nova Scotia - Sponsor.[308]
Public health
Pfizer has engaged in a number of public health and global health initiatives worldwide, and provides funding for health care facilities of various specialties in Canada and the United States:
- CANImmunize - Endorsing partner.[122] CANImmunize is a vaccine passport software company funded primarily by the Public Health Agency of Canada, and partnered with governments, health agencies, academia and pharmaceutical companies across Canada.
- Centre for Addiction and Mental Health - Donor.[309]
- Dana–Farber Cancer Institute - Donor.[310]
- Federation of Medical Women of Canada - Sponsor.[311][312]
- Food Allergy Canada - Corporate partner, providing funding and advocacy support.[313][314]
- Hospital for Sick Children (SickKids) - Donor to the SickKids Foundation.[315]
- Medical Teams International - Corporate donor.[316]
- North Bay Regional Health Center - Donor to the NBRHC Foundation.[317]
- Princess Margaret Cancer Centre (PMCC) - Conference sponsor,[318] and donor to the Princess Margaret Cancer Foundation.[319]
- Scarborough Health Network (SHN) - Donor to the SHN Foundation.[320]
- Bridgepoint Active Healthcare, and the Lunenfeld-Tanenbaum Research Institute in Toronto, Ontario.[321]
- Sunnybrook Health Sciences Centre - Donor.[322]
- University Hospitals Kingston Foundation - Donor.[323] UHKF raises funds for the Kingston Health Sciences Centre and Providence Care.
- William Osler Health System - Event sponsor.[324]
Pfizer sponsored a presentation in January 2020 delivered by Julie Bettinger through British Columbia's Provincial Health Services Authority (PHSA) titled "Vaccine hesitancy: It doesn't matter if the vaccine works if nobody gets it."[252][325]
In 2020, Pfizer provided funding in the range of $100,000.00 - $250,000.00 to Ronald McDonald House Charities “to provide resources that directly improve the health and well-being of children and their families.”[326]
Research and development
Pfizer has partnered with and sponsored many medical research networks and professional associations in the United States, Canada and globally:
- ABC Global Alliance - Main sponsor.[327] The alliance is a Portuguese not-for-profit society supporting research into advanced breast cancer.
- Accelerating COVID-19 Therapeutic Interventions and Vaccines (ACTIV) - Industry partner.
- AdvaMed - Member (former).[328]
- Alliance for Regenerative Medicine - Member organization.[329] The alliance is an international advocacy organization supporting the development of regenerative medicines including gene therapy and stem-cell therapy.
- Arthritis Australia - Donor.[330]
- BioFIT - Sponsor.life sciences and biotechnology.
- Canadian Frailty Network - Industry partner.[332] CFN has provided research grants related to COVID-19.[333]
- Colorectal Cancer Canada - Sponsor.[334][335]
- sleeping sickness, and hepatitis C.
- GISAID - Funding for COVID-19 operations.[337]
- Heart and Stroke Foundation of Canada - National corporate partner and sponsor.[338][339]
- Lung Health Foundation - Partner.[340] Funds research into infectious lung disease and lobbying for policy changes.
- Mentoring in IBD - Sponsor. Annual educational program for Canadian gastroenterologists.[341]
- Nova Scotia Chronic Pain Collaborative Care Network - Investment in Canadian health research.[343]
- Ontario Hospital Research Institute (OHRI) - Research grants.[344]
- Pinnacle Research Group - Sponsor.[345]
- Radcliffe Cardiology - Industry partner.[346]
- Truth Initiative - Featured partner.[347] The initiative performs research and policy studies related to the reduction of tobacco use in youth.
See also
- Biotech and pharmaceutical companies in the New York metropolitan area
- Companies of the United States with untaxed profits
- Fire in the Blood (2013 film)
- List of pharmaceutical companies
References
- ^ a b c d "Pfizer Inc. 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 22, 2024.
- ^ a b "Pfizer Reports Full-Year 2023 Results and Reaffirms Full-Year 2024 Financial Guidance" (PDF). Pfizer. February 5, 2023.
- ISBN 9781405881180
- ^ "Fortune 500: Pfizer". Fortune.
- ^ "Forbes Global 2000: Pfizer". Forbes.
- ISBN 978-1-4103-9198-8.)
{{cite book}}
: CS1 maint: others (link - ^ ISBN 978-0-300-05536-8
- ^ "Pfizer's Birthplace, Soon Without Pfizer". The New York Times. January 28, 2007.
- ^ a b "Guide to the Pfizer Inc. collection ARC.084". Brooklyn Public Library.
- ^ a b c d "Company Timeline: a Legacy of Innovation". Pfizer. Archived from the original on April 8, 2022. Retrieved May 16, 2022.
- ^ a b "Penicillin Production through Deep-tank Fermentation – National Historic Chemical Landmark". American Chemical Society.
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External links
Media related to Pfizer at Wikimedia Commons
- Official website
- Business data for Pfizer Inc.:
- Pfizer Inc. recipient profile on USAspending.gov