Pfizer was founded in 1848 by Charles Pfizer and his cousin Charles Erhant in Brooklyn, New York. At that time the company used to manufacture chemicals, including borax, tater and refined camphor. Santonin was its first preparation and was used to fight parasitic worms.
During the Second World War, Pfizer became the first company to manufacture penicillin in large volume using its expertise in fermentation. Today Pfizer has about 3 million compounds in its medicine library and has about 122,000 employees worldwide. Its revenues for the year 2003 were about US$ 45.2 billion. Pfizer came to India through Dumex Limited in 1950. It had a record turnover of about US$ 172 million by November 2006. It has invested about US$ 15.75 million in clinical research in India.
Becosules (multivitamin) and Corex (cough formulation) are the top brands amongst all pharmaceutical drugs produced in India.
In Indian it has headquarters in Mumbai. It has about 2000 employees. Its State-of-the-Art manufacturing facility is at Thane, Maharashtra.
Board of Directors (India)
Mr. R.A. Shah – Chairman
Mr. Kewal Handa – Managing Director
Mr. Richard Gane – Director
Mr. Pradip P. Shah – Director
Dr. B.M. Gagrat-Executive Director-Technical Operations
Key Pfizer Pharmaceutical Products
- Aricept® (donepezil hydrochloride tablets)*
- Celebrex® (celecoxib)
- Diflucan® (fluconazole)
- Lipitor® (atorvastatin calcium) tablets
- Neurontin® (gabapentin)
- Norvasc® (amlodipine besylate)
- Viagra® (sildenafil citrate) tablets
- Xalatan® (latanoprost ophthalmic solution)
- Zithromax® (azithromycin)
- Zoloft® (sertraline HCI)
- Zyrtec® (certirizine HCI)
Pfizer Inc. had a budget of about US$ 7.9 billion for R&D in 2004. It has research projects in about 18 therapeutic areas for new treatment methods. It has about 12,500 scientists working dedicatedly on innovative product development for betterment of human and animal health.
It has over 250 partnerships and associations within the industry as well as with the academic institutions so as to have access to the emerging tools and techniques.
Patel Estate, S V Road,
Mumbai – 400 102.
Tel: +91 – 22 – 6693 2000
Fax: +91 – 22 – 6693 2444