Pfizer was established in 1849 in Brooklyn, New York by cousins Charles Pfizer and Charles Erhart with a loan of $2,500 from Pfizer’s father.2 Today, 167 years later, Pfizer Inc. has international revenues of $49 billion, which makes it the second-largest pharmaceutical manufacturer in the world.3 Despite Pfizer’s success, the company has faced many challenges over the last few decades. The pharmaceutical industry is heavily influenced by legal, political, and technological forces, and all indications are that the industry will continue to experience dramatic changes.
Copyright © 2017 Jeffrey S. Harrison. This case study first appeared in the Robins Case Network, 2017
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Harrison, Jeffrey S., Ryan McGowan, Kevin O'Neill, Lauren Shotwell, and Joshua Torres. Pfizer. Case Study. University of Richmond: Robins School of Business, 2017.