PFIZER-Health for All

Pfizer is an American multinational company that deals in pharmaceuticals, biotechnology and healthcare products.They were founded by Charles Pfizer and his cousin Charles Erhartt in 1849 out of Brooklyn, New York, USA. Pfizer and Erhart achieved immediate success with their first product, a flavourful form of santonin—an anthelmintic drug used to treat intestinal worms, a common affliction in the mid-1800s. The subsequent demand for disinfectants, preservatives, and painkillers during the American Civil War (1861–65) doubled the company’s revenue and allowed for its expansion. In the late 1800s its citric acid production soared with the increasing popularity of cola drinks, producing decades of growth for the company.Abbott went public on June 22, 1942 with 240,000 shares of new common stock offered to the public.

Pfizer is currently trading a 50-55$ with a market cap of 300B $.They mainly have 6 major divisions which are - Internal Medicine with key products Eliquis and Champix bringing in 2.2B$ ; Oncology which includes medicines and procedures for treatments of breast, prostate, lung, colorectal, ovarian cancer ; Hospital which generates 1.9B$ , Vaccines such as Comirnaty, Prevnar 13, Nimenrixand which contribute to 73% of the revenue bringing in 14B$ ; and Inflammation, Immunology and Rare Disease.

Pfizer has a median price forecast of 55$ with a high estimate of 75$ and a low estimate of 49$.The median price forecast represents a 3% increase from the last trading price of 53$.Out of 23 analysts, 14 recommend a hold for Pfizer with a investment horizon of 5 years for stabilising portfolio.The increased demand for medicine and other healthcare products is the reason for this surge in sales and thereby increasing stock price.Pfizer has been growing at a good pace averaging a 5% year on year increase without any major fluctuations.

Pfizer was one of the first pharmaceutical companies in the USA actively using chemicals.In 1941, at the request of the U.S. government, Pfizer—the only company using fermentation technology to mass-produce penicillin—expedited production to treat Allied soldiers fighting in World War II. The company underwent significant expansion during the following decade with the creation of its international and agricultural divisions and its Pfizer pharmaceutical sales force, as well as its partnership with the Japanese company Taito to produce and distribute antibiotics (1955; Pfizer fully acquired Taito in 1983). Pfizer continued to expand into the 1970s, with acquisitions such as the pharmaceutical and chemical manufacturer Mack Illertissen (1971).In the 21st century Pfizer persisted in its acquisition of pharmaceutical companies, including Warner-Lambert followed by Pharmacia Corporation (2003) and Wyeth (2009). Pfizer also joined UN Global Impact (2002), the world’s largest global corporate responsibility initiative. In 2004 Dow Jones and Co. selected Pfizer to be included in the Dow Jones Industrial Average. In 2015 Pfizer announced that it would merge with Allergan, the Dublin-based maker of Botox, in a deal that was valued at $160 billion and would allow Pfizer to reincorporate overseas, thereby lowering its U.S. federal taxes. However, in April 2016 the U.S. government introduced regulations to prevent such tax-inversion deals, and shortly thereafter the merger was called off.Pfizer’s most prominent products include the antidepressant Zoloft, the erectile-dysfunction drug Viagra, and the antidepressant and antianxiety drug Xanax.On Feb. 12, 2022, China’s National Medical Products Administration gave conditional approval for Paxlovid, Pfizer’s oral antiviral treatment for COVID-19. It is the first oral pill for COVID-19 approved for use in the country.On Feb. 1, 2022, Pfizer and BioNTech initiated a rolling submission that seeks to amend the EUA of their COVID-19 vaccine to include children 6 months through 4 years of age. The company was asked to begin the rolling submission process by the FDA.These are major landmarks which will maximise growth for Pfizer.Pfizer is a company that makes life saving medicines and products that will continue to stay in demand forever and this is the key reason for the growth potential of Pfizer as a company in the long term future.