Tuesday, March 24, 2009

Pfizer (PFE)

Current Stock Price: $13.51 as of April 7, 2009


2380 shares purchased




Location: 235 East 42nd StreetNew York, NY 10017



Pfizer is a major healthcare drug manufacturer that specializes in the discovery, development, manufacture, and marketing of prescription medicines for humans and animals worldwide. Oncology, cardiovascular disease and diabetes are subjects of their research and drug manufacturing that the company is particularly proud of. Pfizer has become a global healthcare leader by making drugs like Lipitor, Norvasc, Zithromax, zoloft, benadryl, and viagra. Pfizer is constantly focused on improving the way they do business to ensure that patients get what they need and shareholders get what they deserve.




Officers and Executives:




Jeffrey Kindler-C.E.O. & Chairman of the Board: When Jeffrey Kindler joined Pfizer in 2002, he was Executive Vice President and General Counsel, with responsibility for Pfizer’s Legal Division. In 2005, he moved up to Vice Chairman, and was responsible for Pfizer's corporate affairs division. He was made C.E.O. on 2006.



Frank D'Amelio-Chief Financial Officer


Joe Feczko-Chief Medical Officer


Ian Read-President of Worldwide Pharmaceutical Operations



Pfizer is named after the cousins and founders of the company, Charles and Charles Pfizer. Originally from Ludwigsburg Germany, they started their own chemicals business at the intersection of Harrison Avenue and Bartlett Street in Brooklyn in 1849. They produced an antiparasitic called Santonin which was an immediate success. In the 1880's they prodiced citric acid which really started their huge growth. By 1910, the company was worth $3 million. Mass production of penicillin during World War 2 meant enormous purchases from the U.S. army. By the 1950's, Pfizer was established in 11 countries, and is now one of the largest drug manufacturers in the world.