Pfizer company Analysis Essay

ingressPfizer is a pharmaceutical company that is here to dish come out us energise a better soundlyness. It was founded in (1849) by two cousins Charles Pfizer and Charles Erhart. It was made to publish and developing unused ways to rule out and lot infirmity and similarly to improve wellness in the orbit. The company focuses on meeting the world garter needs. Pfizer specializes in umpteen medicines. They submit medicines to help exclusively health needs in the world. Throughout this report, I go away be discussing all different kinds of medicines this company prescribes, the health and wellness of this company, the leadership and structure and many more important key points about Pfizer. I will as well discuss the time line of this company on when events took place.Exploring the History of Pfizer both cousins, Charles Pfizer and Charles Erhart from Germany open a small company with some m wizy that was borrowed from Charles Pfizer give in (1849). Their source co mpany was open in Brooklyn, tender York in a section of Williamsburg. This small red brick edifice helps as perpetuallyy thing, the office, w atomic physical body 18house, laboratory and the factory. Charles Pfizer was a chemist and Erhart was a confecti unrivalledr and together they made their first product which was a palatable form of santonin. This product was an antiparasitic used to treat intestinal worms. The santonin was blend with almond-toffee flavoring and shape into a candy cone. It was a wonderful success and the company launch. (Pfizer 2009) In 1862, Pfizer launched its first domestic yield of tophusic acid and cream of tartar. Tartaric acid was used as a laxative and a skin coolant during the Civil War.The cream of tartar was a diuretic and a cleaning agent and also a vital do doses to help meet the needs of the Union Army. Among these are iodine, morpahine, cholorform, camphor, and maercurials which are also used in the emerging field of photography. (Pfizer 2009) By the (1968), the company doubles its side. It have increase it product line and also add 150 unseasoned employees. With the company growth, they buy a new building in Manhattan and moves it headquarters there. In (1880), the company started imported c at oncentrates of gamboge and lime which Pfizer begins manufacturing citric acid. They became the top producer of citric acid. Once the new drinks gain popularity like Coca-Cola, Dr. Pepper and Pepsi-Cola, the demand for citric acid climbs the charts. (Pfizer 2009) As the company double over the year, Pfizer opens an offices and warehouse in Chicago, Illinois, the first posture outside the city limit of New York in (1882). On declination 27, 1891, Charles Erhart dies and leaves a partnership worth over $250,000 to his son William.But in an agreement among Pfizer and Erhart, Pfizer could buy Erharts share at half take stock value. Pfizer became consolidating ownership of the company. (Pfizer 2009) Pfizer files an offi cial certificate of incorporation in the state of New Jersey, with authorized capital of $2 million divided into 20,000 shares of $100 each. Pfizer would die hard a privately held company until June 22, 1942, when 240, 000 shares of new common stock were offered to the globe. Charles Pfizer found his youngest son President at a special board meeting. Emile serves as President from (1906) to (1941) and briefly as Chairman in (1941). He was the determination member of the family to be an activity member of the company. Charles Pfizer dies at the age of 82 sequence vacationing at his Newport, Rhode Island estate in 1906.The company has exceeded its sales to 3 million dollars by this time of Pfizer death. Once Pfizer dead, the board of managing director meets and name John Anderson as chairman of the company. Anderson first started working at Pfizer Inc as an office boy in (1873) and re principal(prenominal)ed chairman until (1929) when he stepped down. (Pfizer 2009) A fermentati on-free method of ascorbic acid was developed which was vitamin C. Pfizer was one of the biggest producers of vitamin C. Next came vitamin B-2, or riboflavin, and ultimately develops a vitamin mix that includes riboflavin, thiamin, niacin, and iron. Pfizer had a miracle drug called penicillin. This drug was use for soldiers in the war. Pfizer receive an award on April 17, 1943 from the Army for it companys character to the war. (Pfizer 2009) By the 1951, Pfizer have expanded its company in Belgium, Vrazil, Canada, Cuba, England, Mexico, Panama, and Puerto Rico. In (1952), Pfizer familiarize an Agricultural Division of the company to offer beast health problems in Terre Haute, Indiana. Pfizer also open a nonher coif in England in (1955). This local anaestheticize was a fermentation plant for research and development operations in Great Britain. The company was doing so well, they open anformer(a) Pfizer pharmaceutical plant in Mexico, Italy, and Turkey.The company workers inc rease from 4,300 to over 7,000 workers in just one year. (Pfizer 2009) (In 1967), the company salt awayd its first one a day antibiotic called doxycycline (dozycycline hyclate). As the year over taken, Pfizer had a drug called Feldence that became one of the largest-selling prescription medicine anti-inflammatory medical specialtys in the world. From 1984-1989, Pfizer had introduce quad new drugs. The first drug was Glucotrol which is for diabetes. The next drug was Unasyn (ampicillin sulbasctam). It was an injectable antibiotic. They produced a medication for angina and hypertension which was Procardia XL that is a medication that you take once-a-day. (Pfizer 2009) In June (2001), Hank Mckinnell announces that Pfizer to become the worlds most valued company to patients, customers and the communities we sleep with in everyday.He announced a commitment to fund the building of a regional treatment and fostering center on the campus of Makerere University in Kampala as part of the Academic Alliance for AIDS Care. As the years passed by, Pfizer announces the launch of a tierce-year initiative to provide grants to support training and capacity building for HIV/AIDS in developing countries in (2002). (Pfizer 2009) In 2003 research and development received over $7.1 billion of investment from Pfizer. They start on a new medication to treat migraines called Relpax. The US Food and Drug Administration approved the first treatment drug called Lyrica to treat neuropathic pain associated with diabetic peripheral neuropathy in two forms. This drug also helps treat adults with epilepsy with partial onset seizures. On October 15, 2009, Pfizer wanted to help the drop deads of the patients and consumers by creating a company with on training products and therapies. (Pfizer 2009)PfizerPfizer have three different section of within their company. Pfizer is a incorporation which is a public company that was established in 1849. It is there to discover, develops, manu factures and market human and puppet pharmaceuticals drugs. The Pfizer Inc. incorporated Giving Program is a complement of its knowledgeability. Its corporate makes freehearted contributions to nonprofit organizations directly. But ratiocination not least, The Pfizer foundation supports programs designed to put forward access to quality health caution and support the involvement of Pfizer residential district colleagues. (National Directory of Corporate Giving)The foundation have special emphasis in four strategies. The first strategy is to improve health care for people in need. The second strategy is to teach singulars about health care and a way to prevent things from happening to health care workers and individuals as a whole. Third strategy is to increasing the faculty of health organizations to provide care to people in need. But last, to measure the impact by inspection and repair partnership with experts to be able to share the best exercise offer. (National D irectory of Corporate Giving)Pfizer leadership and StructureThis company is made up of the best precedential level executive personnel and the best decision-making board member there is offer. This board was brought together to focus on the major decisions of the company. Pfizer had several kinds of health care businesses. Pfizer had businesses such as Capsugel, Oncoogy, Nutrition, and Animal Health. Each company was expect by a top executive who had very full fellowship of the company and products. (Pfizer 2009) The Board of Directors is elected annually by shareholders. They are the decision-making form of the company with the help of the shareholders. The Board selects the senior management team, which is charged with the steer of the Companys business. The board currently has 16 directors. (Pfizer 2009)Corporate establishmentPfizer was the first company to establish a corporate governance department. Pfizer actualize to be trusted by public, they must have a just corpor ate governance and transparency. Pfizer stated In order to create and defend value for our stakeholders, and for society as a whole, we must first practice responsible business principles. And, we must take into account our stakeholders interests and be held accountable to them. As reading the quote above from Pfizer Company, it clearly states that public creed matter the most to them. The company want to make sure everyone have some kind of involves with their business. (Pfizer 2009)Public PolicyPfizer has a public constitution select in its company. Thats a way the company broadcast to people who have a part in their company. The public will be able to have discussing about the company and its product. The public insurance is made so that the public can response to item to help improve the company to have better product and also to introduce new product into the company. (Pfizer 2009)Phrases of DevelopmentPfizer Company has four different phrases of clinical development which new drugs are developed by dint of a serial of trails. Phrase 1, the company have effectual individual to volunteer for an experiential medicine which is called investigational new drug. This medicine is design to cure a disease which the volunteer currently have. A low dose of this medication is administered to the individual with highly supervision. The volunteer is watch very closed to record it responds to the medication to measure the doses that is best for that individual. (Pfizer 2009) In the second phrase, the drug is watched much contiguous to see what method is best for the individual.The method can be ever an oral or injection method. These patients for this stage are highly recommended by doctors or is a patient that has the disease that the drug is believed to treat. Phrase 3 is basically checking the results of the experiment to make sure the drug is working properly. The last phrase gather all the result form the trail issue to make sure everything when as occur ring as plan. They gather all the nurture on the drug about any risk that could occur while testing this drug on individuals. (Pfizer 2009)ProgramsPfizer have many grants that they give out to university, foundation and other organizations. Pfizer also have many programs within it company. I will list and discuss some of the programs ConnectHIV The foundation supports programs designed to serve communicates that are disproportionately affected by HIV/AIDS through grants to 20 mid-sized AIDS service organizations in the 10 states of the US with the highest number of new AIDS cases. The program is designed to prevent new infections to inquisitive populations and delay disease progression for those already infected by accompaniment ASOs that take a comprehensive approach to presentation, access to care, and treatment. (National Directory of Corporate Giving) wisdom in Schools The foundation supports programs designed to improve education in communities or so the world. Special emphasis is directed toward programs designed to build fully-equipped science labs and math classrooms to train local science teachers and develop initiatives to encourage corporations and individuals to partner with local schools. It also helps teachers to study science in order to bring ripe knowledge and technology into the classroom. (National Directory of Corporate Giving)Volunteer Programs (PVP) The foundation awards grants up to $1,500 to playing arts groups, museums, agencies serving the elderly, schools, libraries, hospitals, and community health organizations which employees and retirees of Pfizer volunteer. (National Directory of Corporate Giving)Matching bribe The foundation matches contributions made by employees and retirees of Pfizer to nonprofits organizations on a one for one basis. (National Directory of Corporate Giving) Global Health Partnerships Advancing Caner and Tobacco Control The foundation support the partnership of public health in the areas o f tobacco plant emancipation and oncology. It important is directed toward programs with impact serving as global models in improving cancer-related health outcomes, supporting cancer control and encouraging tobacco independence.Pfizer Animal HealthPfizer is one of the world leaders in Veterinary-prescription medicines. Pfizer supports the veterinarians and animal food producer in making sure food is healthy for animals. Making sure the food is healthy for the animal ensures they will live a longer live. Pfizer also help support the veterinary to prevent animal illness.ArticlesThe next half of my research will be discussing binds that I have researched on about Pfizer found in different magazines. I will be at the best of my knowledge summary the article to assure your understanding. I will also attached copies of the article at the end of the paper. Will Pfizers giveaway drugs polish its public cast? The first article I will summarize is Will Pfizers giveaway drugs polish its p ublic image? This article was much unexpected. Pfizer fixed to have a giveaway on drugs to reconstruct their company in August 2009. They made this service available for people who have addled their jobs. Pfizer have helped people out before financial but not a giveaway drugs day.Other pharmaceutical industry wants to do the equivalent thing to help other out also. Pfizer believer this was a good way of letting the public now that curing the disease is the main thing that is important to their company. I believe this article surprise a lot of people all over the world. It was a good thing that Pfizer decide to giveaway drugs to help the people in needed. I designate all pharmaceutical company should at least try this once a year to improve their rating of their company. If other company participates in these events, their sells will increase over time. Its also important that other people are concern about your health as well as yourself. This giveaway made a lot of people blessed expressly the one that could afford to buy these drugs on their own.