Where is pfizer based

The pharmaceutical industry requires significant spending on research and development. Revenue for the quarter rose In early February, Pfizer raised its full-year guidance for FY Pfizer operates as a single operating segment.

We look at each of these areas in more detail below. Internal Medicine develops therapeutics for cardiovascular disease, diabetes and related disorders, certain liver diseases, obesity and related co-morbidities, and more.

Revenue in Q4 FY grew 1. Oncology seeks to develop innovative treatments for breast, prostate, lung colorectal, ovarian, renal, hematologic, and other forms of cancer. Quarterly revenue rose The Hospital field includes the company's global portfolio of sterile injectable and anti-infective medicines. It also includes Pfizer CentreOne, the company's contract manufacturing and active pharmaceutical ingredient sales operation.

Revenue rose 8. The Vaccines field specializes in developing vaccines for pneumococcal and meningococcal diseases. But it is also working on vaccines against other major infectious diseases, such as tick-borne encephalitis and COVID, as well as infectious diseases that have significant unmet medical needs.

The Inflammation and Immunology field develops treatments for chronic immune and inflammatory diseases. Key products include Xeljanz, Enbrel outside the U. Quarterly revenue grew 1. The Rare Disease field is focused on developing therapies for patients of rare diseases, especially in areas such as rare cardiology, endocrinology, inborn errors of metabolism, and gene therapy.

On May 15, , the U. The two companies plan to submit these data to the U. Science Direct. Accessed April 14, Food and Drug Administration. Centers for Disease Control and Prevention. Company Profiles. Fundamental Analysis. Tech Stocks. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.

These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Business Company Profiles. Key Takeaways Pfizer develops and manufactures drug treatments to promote health and prevent disease.

Pfizer and BioNTech reported final trial results on November 18 which showed its vaccine was 95 per cent effective in preventing Covid , with no major safety concerns. In November the companies reached an agreement with the European Commission to supply m doses of their vaccine.

Britain has already ordered 40m doses , meaning 20million people can be vaccinated as two doses need to be given. Mr Bourla has been working with Pfizer for more than 25 years and has held several senior global positions across a range of markets in the business. Conventional vaccines are produced using weakened forms of the virus, but mRNAs use only the virus's genetic code. An mRNA vaccine is injected into the body where it enters cells and tells them to create antigens.

These antigens are recognised by the immune system and prepare it to fight coronavirus. The vaccine has been tested on 43, people in six countries and no safety concerns have been raised. The Joint Committee on Vaccination and Immunisation JCVI has examined data on who suffers the worst outcomes from coronavirus and who is at highest risk of death. New regulations allowing more healthcare workers to administer flu and potential Covid vaccines have also been introduced by the Government.

Its interim guidance, which assumes the jab is safe and effective in all groups, says the order of priority should be:. The JCVI said the prioritisation could change if the first jab were not deemed suitable for, or effective in, older adults.