You may think that you know the ins and outs of prescription drugs, including ways to keep from paying extremely high prices. Still, you may not be very familiar with the companies that make the drugs that you are taking. One of the most essential components of being informed is the understanding of the ins and outs of these companies. One such company is Pfizer. So what are the inner workings of this company and how do they affect you?

The Beginnings

Pfizer began much earlier than many consumers expect. Charles Pfizer & Company opened in 1849 as a “fine-chemicals business.” The company was housed in a brick building in Brooklyn, New York. The company began with santonin, which was an antiparasitic. Pfizer took off in great strides along with scientific advancements in medicines, such as the 1928 discovery of penicillin. In 1950, terramycin, the first prescription drug sold in the U.S. under the Pfizer name, was sold.

Pfizer Products

Pfizer makes several products with which many people are familiar. One of the most well known is Viagra. The company is also responsible for providing the world with Benadryl, which of course includes several different forms, such as Allergy/Cold Caplets, Children’s Benadryl and many others. Pfizer is also responsible for the manufacture of Bengay, Cortizone, Desitin, Dramamine, e.p.t, Listerine, Neosporin, Rolaids, Sudafed, Visine and many other products. Other Pfizer prescription medications that the nation has become quite familiar with include Zoloft, prescribed for depression and anxiety, and Zithromax, prescribed for respiratory infections, as well as other types of infections.

Pharmaceutical Research

One of the most crucial aspects of Pfizer is its drug research. In 2004, Pfizer estimated that the company spent at least $7.7 billion dollars in drug research and development. In fact, Pfizer is home to the largest research and development department in the industry. Pfizer employs 12,500 scientists who eagerly work to create the best products possible for consumers. The company is also linked to over 250 academic and industrial partners. All of these aspects combine to make Pfizer one of the most phenomenal companies in the pharmaceutical industry.

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