Pfizer

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17 September 2008

Pfizer

Introduction

Pfizer is a company based in HYPERLINK "http /en .wikipedia .org /wiki /New_York_City " \o "New York City " New York City that was founded in 1849 and is a major HYPERLINK "http /en .wikipedia .org /wiki /Pharmaceutical_company " \o "Pharmaceutical company " pharmaceutical company that ranks number one worldwide especially in sales . The research headquarters of Pfizer are in HYPERLINK "http /en .wikipedia .org /wiki /Groton " \o "Groton " Groton HYPERLINK "http /en .wikipedia

.org /wiki /Connecticut " \o "Connecticut Connecticut . Pfizer produces numerous medicines such as Lyrica Zithromax , Celebrex and the number one selling drug is Lipitor that is used to lower blood cholesterol . It also produces medicines for the animals

Pfizer spends huge amounts of money on research and development and boasts the industry 's largest pharmaceutical R D organization i .e Pfizer Global Research and Development

Current stock price of Pfizer

In the New York Stock Exchange , the size was 765 , the price was US 17 .26

The figure below is Pfizer 's stock chart

of the industry

The pharmaceutical industry basically develops , manufactures and sells HYPERLINK "http /en .wikipedia .org /wiki /Medicinal_drug " \o "Medicinal drug " medicines . The companies that fall in this industry deal with various kinds of medicines that are produced for general use and branded medicines that are produced for more complex diseases . However , there are some rules and some laws that imply to this industry . The pharmaceutical companies should ensure that the medicines that they manufacture are not being tested properly , they should have exclusive rights to produce the medicines and they should do ethical marketing

Competitors

The following are the competitors of Pfizer

Johnson and Johnson - USA

Bayer - Germany

GlaxoSmithKline-United Kingdom

Novartis - Switzerland

Sanofi-Aventis - France

Hoffmann La Roche - Switzerland

AstraZeneca - UK /Sweden

Merck Co . - USA

Abbott Laboratories - USA

Wyeth - USA

Bristol-Myers Squibb - USA

Eli Lilly and Co . - USA

Amgen - USA

Boehringer Ingelheim - Germany

Schering-Plough - USA

Baxter International - USA

Takeda Pharmaceutical Co . - Japan

Genentech - USA

Procter Gamble - USA

As there are a lot of competitors of Pfizer , therefore competition is intense and so Pfizer has to ensure to produce high quality medicines with reasonable prices

Financial Data

Pfizer earned 48 .4 billion in revenues in 2007 and invested 8 .1 billion in research and development in the same year

Stock Exchange Listings

Pfizer is listed in the following stock exchanges around the world

1 . New York Stock Exchange (PFE

2 . London (PFZ

3 . Euronext

4 . Swiss

At Pfizer , the size of board consists of 14 people and 12 independent directors however , they do not have a separate Chairman and a Chief Executive Officer . They have an independent audit committee that is responsible for reviewing and inspecting the accounts of the company Other than that they even have a compensation and corporate governance committee . They have a Committee of Self Evaluations and charters for audit . They pay a yearly equity grant to the directors who are...