Logos Quiz Level 3-45 Answers
Pfizer is a pharmaceutical company with headquarters in New York City. It is one of the largest pharmaceutical companies in the world. Pfizer was founded in 1849 by Charles Pfizer and Charles F. Erhart. At the time, these cousins were founding a chemical manufacturer. They primarily produced santonin, an antiparasitic, and citric acid. In 1950, Pfizer discovered oxytetracycline, a type of penicillin. Their sales of this product marked the company’s shift from a chemical manufacturer to a pharmaceutical creator. Pfizer’s work is heavily based in research of new pharmaceuticals. Products like Lipitor, Zoloft and Viagra have sustained the company’s sales for decades. Viagra was the first modern erectile dysfunction drug, discovered by three Pfizer researchers.
Over the last two decades, Pfizer has acquired many other, smaller pharmaceutical companies. It has merged with Warner-Lambert, Pharmacia, Wyeth, King Pharmaceuticals and Hospira. They also attempted to acquire AstraZeneca in 2014, but their bid was considered too low. Pfizer has had a rather contentious history in the 2000s. It has been sued multiple times for illegal marketing, defective products, and other unethical practices. It is, however, well-regarded for its environmental and diversity practices as a company. Pfizer also donates an antifungal drug to developing countries with high HIV/AIDs rates free of charge. Additionally, they and the Gates Foundation are working to provide women in developing countries with affordable birth control.