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Pfizer Inc is a research-based diversified health care company with operations around the globe Pfizer Inc has three main business groups They include the Consumer Health Care Group US Pharmaceuticals Group and the Pfizer Animal Health Products Segment Pfizer Inc discovers develops manufactures and markets leading prescription medicines for humans and animals and many of the worlds best-known consumer brands Pfizer was first started by Charles Pfizer and Charles Erhart in 1849 The two German entrepreneurs borrowed 2500 to start a chemical plant in the United States They wanted to produce chemicals that were unavailable in the United States In 1862 because of the Civil War painkillers were needed This was the first time Pfizer produced morphine as well as other drugs Doctors and soldiers in the civil war were grateful for Pfizers developments of pain killers Because of the Civil War Pfizers revenues doubled This allowed for expansion In 1880 because of the importation of lemon and limes Pfizer became the largest producer of citric acid Citric acid was used in many things such as food drinks as well as medications In 1891 cofounder Charles Erhart left his share to his son William Charles Pfizer offered to buy his share from him and William agreed From 1892 and on the company belonged to just Charles Pfizer The 1900s was a growing time for Pfizer As many more cures were found such as Penicillin which was discovered in 1928 Pfizer was able to grow very large When Alexander Fleming discovered penicillin Pfizer offered to help back it up Pfizer became extremely profitable from penicillin because it was known as the wonder drug Pfizer and penicillin were very popular during World War II Many soldiers were treated with penicillin produced by Pfizer In 1950 Terramycin used to treat bacterial infections was the first discovery by Pfizer This became the first pharmaceutical sold in the United States Because of Terramycin Pfizer expanded their company overseas Pfizer operations
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