Pfizer, Inc. Overview
Company Headquarters: New York, US
Founded: 1849
Workforce: ~ 83,000
Company Working: Pfizer, Inc. is a well-established company and one of the major players in the global pharmaceuticals market. Pfizer Inc. is a research-based biopharmaceutical firm. The company is involved in the discovering, developing, manufacturing, marketing, sales and distribution of biopharmaceutical products across the globe. It operates through two segments—Pfizer innovative health and Pfizer essential health. The Pfizer innovative health segment focuses on research and development of medicines and vaccines and consumer healthcare products in different therapeutic areas. On the other hand, the Pfizer essential health segment is responsible for the research & development of branded generic products, generic sterile injectable products, biosimilars, and anti-infectives. The health care portfolio of Pfizer includes human and animal biologic and small molecule medicines and vaccines, along with nutritional products and many other consumer products. There are various brands under which the company provides vitamin and mineral supplements. Some of the brands selling vitamin and mineral supplements are Centrum, ProNutrients, Emergen-C, and Caltrate. The company operates through 36 manufacturing facilities throughout the world. Pfizer distributes its products in more than 185 countries across the globe.
Strategy
Pfizer, Inc. aims to maintain the quality and safety standards of its products. It is focused on offering innovative products and, thus, plans to invest heavily in research & development over the next few years. The company emphasizes inorganic as well as organic growth strategies such as investing heavily in R&D, developing and launching new products; expanding its presence in various regions and countries across the world; and acquiring small market players to expand its product portfolio. Moreover, Pfizer focuses on establishing an efficient supply chain, which helps the company in producing and distributing its products efficiently across the globe. This also allows the company to respond immediately to the changing consumer demands, thereby staying competitive in the industry.



