Pfizer | Company History, Products & Lawsuits, COVID-19 Vaccine (2022)

Pfizer Inc. is a pharmaceutical company that created many well-known drugs. Pfizer brands include Advil, Bextra, Celebrex, Diflucan, Lyrica, Robitussin and Viagra.

The Big Pharma company is also the mastermind behind many popular consumer products. Some of the company’s biggest names include Chapstick and Preparation-H.

Pfizer got its start more than 150 years ago. It’s come a long way, evolving from a “one-stop-shop” to a multinational corporation.

Pfizer has had many triumphs. It discovered citric acid. It mass produces penicillin and vitamin C.

Over the years, the company has also faced lawsuits where consumers claimed the drugmaker sold defective drugs, and the U.S. government has charged the company with health care fraud.

In December 2020, the company became the first to receive an emergency use authorization from the FDA for a COVID-19 vaccine. In response to the spread of the COVID-19 Delta variant, the Centers for Disease Control and Prevention and other health officials announced that a booster shot will be available starting the week of Sept. 20, 2021 for Americans who are fully vaccinated with the Pfizer vaccine.

On Aug. 23, 2021, the FDA approved the Pfizer-BioNTech vaccine, which will now be marketed as Comirnaty.

What Is Pfizer?

Pfizer is a publicly-traded global pharmaceutical company headquartered in New York City. Its revenues reached $51.8 billion in 2019.

Pfizer makes Eliquis, Enbrel, EpiPen, Depo-Provera, Dimetapp, Neosporin, Xeljanz and Zithromax/Zmax. It specializes in vaccines and cancer, heart and diabetes treatments. It also makes medicines for disorders of the endocrine (hormones) and nervous systems.

The shareholder-owned company operates in 180 countries. Its research headquarters are in Groton, Connecticut. It employs more than 96,000 people worldwide.

Fact

Pfizer manufacturers more than 350 different pharmaceuticals.

Pfizer’s COVID-19 Vaccine

In response to the coronavirus pandemic, Pfizer partnered with BioNTech in April 2020 to begin developing a COVID-19 vaccine. The vaccine candidate BNT162b2 is an mRNA vaccine.

In November 2020, the drugmaker announced that data from Phase 3 clinical trials had shown the vaccine was safe and effective with an efficacy of 95 percent. It requires two doses, 21 days apart.

“The study results mark an important step in this historic eight-month journey to bring forward a vaccine capable of helping to end this devastating pandemic. We continue to move at the speed of science to compile all the data collected thus far and share with regulators around the world,” Dr. Albert Bourla, Pfizer chairman and CEO, said in a press release. “With hundreds of thousands of people around the globe infected every day, we urgently need to get a safe and effective vaccine to the world.”

Fact

(Video) How mRNA Vaccines Revolutionized Medicine | CNBC Marathon

On Dec. 2, 2020, Pfizer and BioNTech received the world’s first temporary authorization in the U.K. for their coronavirus vaccine, BNT162b2. The vaccine, now called Comirnaty, became the first FDA-approved COVID-19 vaccine on Aug. 23, 2021.

Source: Pfizer

A few days after the announcement of positive clinical trial results, Pfizer and BioNTech submitted a request for an emergency use authorization from the FDA. On Dec. 11, 2020, the FDA issued the authorization, which allows the Pfizer-BioNTech COVID-19 vaccine to be distributed in the U.S.

“The FDA’s decision to grant the [authorization] indicates that the vaccine meets safety and effectiveness requirements,” Dr. Rupali J. Limaye, a professor and scientist at the Johns Hopkins Bloomberg School of Public Health told Drugwatch.

Pfizer intends to gather data in a U.S. COVID-19 Pilot Program from four states: Rhode Island, Texas, New Mexico and Tennessee. It will use the data to refine its delivery and deployment of the vaccine, and the states will not receive vaccines early because of the program.

Pfizer and BioNTech said they would produce up to 50 million vaccine doses in 2020 and up to 1.3 billion doses by the end of 2021. The two companies will use facilities in the U.S., Belgium and Germany to manufacture the vaccine and meet global need.

“Pfizer’s COVID-19 vaccine development and manufacturing costs have been entirely self-funded, with billions of dollars already invested at risk. The company will continue bearing all the costs of development and manufacturing in an effort to help find a solution to this pandemic as fast as possible,” the company said in a Nov. 16, 2020 press release.

The CDC, FDA and other medical authorities released a joint statement on Aug. 18, 2021 announcing that a third booster shot for Americans who received the Pfizer vaccine will be available beginning the week of Sept. 20, 2021.

“We are prepared to offer booster shots for all Americans beginning the week of September 20 and starting 8 months after an individual’s second dose. At that time, the individuals who were fully vaccinated earliest in the vaccination rollout, including many health care providers, nursing home residents, and other seniors, will likely be eligible for a booster,” the statement said.

Officials say the Pfizer vaccine is highly effective, but like most most vaccines, it gets less effective over time. A booster shot will help ensure they continue to be protected against the risk of severe disease, hospitalization and death, according to the official statement.

The FDA approved the vaccine, now called Comirnaty, to prevent COVID-19 disease in individuals 16 years of age or older on Aug. 23, 2021. The EUA for children 12 through 15 is still in place. The EUA also allows certain immunocompromised individuals to get a third dose.

Company History

German-American cousins Charles Pfizer and Charles Erhart began Pfizer in 1849. Brooklyn was Pfizer’s first home.

The company started as a manufacturer of fine chemicals. It operated out of one building. The stand-alone structure served as an office, laboratory, factory and warehouse.

As the company expanded, the headquarters moved to Manhattan in 1868. A separate warehouse opened in Chicago in 1882.

One of the company’s first successful products was Santonin, a cure for intestinal worms.

Did You Know?

Pfizer discovered citric acid. The organic acid is in Coca-Cola, Dr. Pepper and Pepsi.

Source: Pfizer's History

(Video) Moderna sues Pfizer, BioNTech over COVID vaccine patent

Pfizer became known as the world’s top producer of vitamin C. People have used the vitamin as a defense against scurvy and the common cold.

In 1952, Pfizer moved into eight new international locations. It also established its Agricultural Division, later known as Animal Health.

Pfizer acquired several other companies over the years. Many of these companies made billions for Pfizer with their established research and drug development.

Warner-Lambert was one of these companies. It’s the original maker of Lipitor. Warner-Lambert merged with Pfizer in 2000.

Lipitor quickly grew to be the largest-selling pharmaceutical of any kind in history. It reached $9.6 billion in revenue in 2011.

Key Pfizer Pharmaceutical Products

Pfizer is the manufacturer and/or marketer of many well-known products. The list below includes some of the company’s most recognizable brands. It is not an exhaustive list.

Popular Pfizer Products and Brands

Nexium24HR
Over-the-counter heartburn drug

Prevnar 13
Vaccine to prevent pneumonia

Advil
Non-steroidal anti-inflammatory drug (pain reliever)

Viagra
Erectile dysfunction drug

Xanax
Psychoactive medicine

Zoloft
SSRI antidepressant

Lipitor
Cholesterol medicine

Chantix
Smoking cessation drug

Bextra
Cox-2 inhibitor (pain reliever)

Depo-Testosterone
Testosterone replacement therapy drug

EpiPen
Auto-injector emergency allergy medicine

Celebrex
Non-steroidal anti-inflammatory drug (pain reliever)

(Video) Moderna sues Pfizer and BioNTech, accuses companies of violating patents

Zithromax
Macrolide antibiotic (bacterial infections)

Eliquis
Anticoagulant (blood thinner)

Protonix
Proton pump inhibitor acid-reducer

Prempro
Hormone replacement drug therapy

Effexor
SNRI antidepressant

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Pfizer | Company History, Products & Lawsuits, COVID-19 Vaccine (1)

Drug Recalls

Pfizer has had to recall some of its popular products due to quality issues and poor packaging. Effexor XR and Prempro are two products affected by recalls. More recently, the company recalled two lots each of Relpax in 2019 and Duavive in 2020, and all lots of Chantix 0.5 and 1 mg tablets in 2021.

Effexor XR

In 2014, Pfizer recalled two lots of its antidepressant drug Effexor XR. Tikosyn was discovered in an Effexor XR bottle. Tikosyn is one of the company’s heart pills. Pfizer warned that the combination of the two different drugs could be deadly.

Prempro

In 2013, Pfizer announced it was recalling five lots of Prempro. Prempro is a hormone replacement therapy drug. Routine testing revealed the strength of the drug was low.

Chantix 0.5 mg and 1 mg

On Sept. 16, 2021, Pfizer voluntarily recalled all lots of the Chantix 0.5 mg and 1 mg tablets due to an increased cancer risk from high levels of an ingredient called N-nitroso-varenicline, also known as a nitrosamine. The company stated the recall is “precautionary” as no cancer-related issues have been detected in the testing of Chantix, or with people taking the smoking cessation drug.

Lawsuits and Settlements

Over the years, Pfizer has faced lawsuits involving some of its most popular drugs. Courts have dismissed thousands of lawsuits against Pfizer. The company has also agreed to settle cases involving claims of illegal marketing and health care fraud.

Pfizer Settlement and Fine

Pfizer set a record for the largest health care fraud settlement and the largest criminal fine of any kind with $2.3 billion in 2009.

Source: U.S. Department of Justice

(Video) Pfizer CEO explains why he hasn't received a vaccine yet

Protonix

People are suing Pfizer over Protonix. Protonix lawsuits say Pfizer failed to warn about the risk of kidney problems. In 2013, Pfizer agreed to pay $55 million to settle criminal charges. The U.S. Department of Justice said Wyeth promoted Protonix for unapproved uses in 2000 and 2001. Pfizer acquired Wyeth in 2009.

Learn More About Protonix Lawsuits

Prempro

Nearly 10,000 women filed Prempro breast cancer lawsuits against Pfizer. By 2012, Pfizer settled most of the claims for more than $1 billion.

Chantix

About 3,000 people filed Chantix lawsuits against Pfizer. They claimed Chantix caused suicidal thoughts and severe psychological disorders. In 2013, the company set aside about $288 million to resolve these cases. One case settled for an undisclosed amount just before trial in 2012.

Depo-Testosterone

More than 7,800 testosterone therapy lawsuits had been filed against manufacturers as of November 2020. Pfizer had reached an agreement with the consumers suing the company in February 2018, ending its role in the massive litigation. The lawsuits say testosterone products caused strokes, blood clots and heart attacks.

Learn More About Testosterone Lawsuits

Effexor

A federal panel closed the consolidated Effexor litigation in 2013. Lawsuits claimed birth defects.

Zoloft

A judge dismissed Zoloft cases in 2016. Lawsuits included similar claims to Effexor XR. The judge did not disagree that Zoloft caused birth defects. But the judge concluded there was insufficient evidence to definitively link the two.

Eliquis

A judge dismissed a group of federal Eliquis cases in 2017. Injured patients continue to file severe bleeding claims in Delaware state court.

Lipitor

A judge dismissed Lipitor lawsuits in 2017. Women who took the drug filed lawsuits after developing Type 2 diabetes. There is currently an appeal pending.

Trovan

In 1996, Pfizer conducted an unapproved clinical trial. It involved children with meningitis in Nigeria, CBS News reported. The trials led to the deaths of 11 children. Dozens more were left disabled.

Pfizer’s Unapproved Clinical Trial

The unauthorized trial involved tests on 200 children with Pfizer's antibiotic Trovan.

Source: BBC News

Trovan is a drug severely restricted in use because of its potential to cause liver damage. Injury to the liver as a result of taking Trovan can lead to liver failure and death.

In 2011, Pfizer paid $700,000 to four families who lost children during the Trovan trials.

In addition, the company set up a $35 million fund for those affected by Trovan. Pfizer also agreed to sponsor health projects in Kano, Nigeria.

FAQs

What have Pfizer been fined for? ›

Two pharmaceutical companies have been fined after they overcharged the NHS for a life-saving epilepsy drug. The Competition and Markets Authority (CMA) fined Pfizer £63m and Flynn £6.7m after finding that they had "abused their dominant positions" in the market to charge unfairly high prices over a four-year period.

Why did Pfizer pay the largest criminal fine in history? ›

In one of the biggest fraud settlements in US history, Pfizer paid $2.3bn (£1.7bn) for false claims relating to now withdrawn Bextra pain medicine. Bextra was removed from the market in 2004. Pfizer Inc pleaded guilty to the charge in 2009.

What medications has Pfizer made? ›

  • ACCUPRIL® (quinapril HCI)
  • ACCURETIC® (quinapril HCl/hydrochlorothiazide)
  • ACETYLCYSTEINE. (acetylcysteine solution)
  • ADENOSINE. (adenosine)
  • ALDACTAZIDE® (spironolactone and hydrochlorothiazide)
  • ALDACTONE® (spironolactone)
  • ALFENTANIL INJECTION.
  • ALTACE® (ramipril)

How did Pfizer start? ›

1849. Cousins Charles Pfizer and Charles Erhart founded Charles Pfizer & Company in a red brick building in Brooklyn, NY.

What is the biggest lawsuit in the world Pfizer? ›

Glaxo's $3 billion settlement included the largest civil False Claims Act settlement on record, and Pfizer's $2.3 billion ($3.5 billion in 2022) settlement including a record-breaking $1.3 billion criminal fine.
...
List of largest pharmaceutical settlements.
Year2004
CompanyPfizer
Settlement$430 million
Violation(s)Off-label promotion
Product(s)Neurontin
21 more columns

Does Pfizer have a criminal record? ›

This settlement set a new record for a criminal fine – $1.2 billion – plus civil penalties of $1 billion.
...
TABLE 1.
CompanyRevenueNet Income
Pfizer50,0098,635
Roche45,3047,860
Glaxo Smith Kline44,4218,877
Novartis44,2678,454
8 more rows

How much has Pfizer been fined over the years? ›

The drugmakers Pfizer and Flynn Pharma have been fined a total of £70m for overcharging the NHS for a life-saving epilepsy drug.

What pharmaceutical company has the biggest lawsuit? ›

1. GlaxoSmithKline, $3 billion. GlaxoSmithKline holds the dubious distinction of being forced to pay the largest health care fraud settlement in U.S. history. The criminal fine was $956,814,400 with a forfeiture of $43,185,600.

Was Pfizer prosecuted? ›

— -- In the largest health care fraud settlement in history, pharmaceutical giant Pfizer must pay $2.3 billion to resolve criminal and civil allegations that the company illegally promoted uses of four of its drugs, including the painkiller Bextra, the U.S. Department of Justice announced Wednesday.

Is Pfizer an ethical company? ›

Pfizer Global Policy adheres to all applicable laws and regulations and industry standards, while maintaining the highest ethical standards of reporting on our marketing, sales and research and development operations.

What blood pressure medicine is made by Pfizer? ›

NORVASC® (amlodipine besylate)

Why did they take lisinopril off the market? ›

Pfizer launches a recall of blood pressure drugs due to a potential carcinogen The company warned consumers of several tainted lots of Accuretic and two other versions of the drug because of the presence of a nitrosamine above the acceptable daily intake level.

Who made Pfizer vaccine? ›

Karikó and co-collaborator Drew Weissman, MD, PhD, invented the modified mRNA technology used in Pfizer-BioNTech and Moderna's vaccines to prevent COVID-19 infection.

Does Pfizer manufacture drugs in China? ›

Since the 1980s, Pfizer has established four state-of-the-art plants in Dalian, Suzhou, Wuxi and Fuyang that manufacture products for the pharmaceutical and consumer healthcare. Established in 1989, Pfizer Dalian Pharmaceutical Plant is the first GMP-certified plant in China.

What did Pfizer get sued for 2009? ›

The company marketed the product as a painkiller even though the FDA refused approval for wider use because of safety concerns. Pfizer was fined $US1. 3 billion for falsely marketing Bextra, the largest criminal fine ever imposed in the US.

Is there a lawsuit against Pfizer for gabapentin? ›

A proposed settlement has been reached in a class action lawsuit against Pfizer Inc. The Neurontin class action lawsuit alleged the defendants violated the law by promoting Neurontin for various uses that were not approved by the U.

What is the largest lawsuit in history? ›

Number 1: The 1998 Tobacco Master Settlement Agreement

The 1998 Tobacco Master Settlement Agreement is also the biggest civil litigation settlement in US history. At USD246 billion, it is unlikely to be beaten any time soon. The case was brought against all the major tobacco companies by more than 40 US states.

What was Pfizer's lawsuit? ›

Pfizer hit with racial discrimination lawsuit over minority fellowship program.

Is Pfizer under a CIA? ›

TERM AND SCOPE OF THE CIA

The period of the compliance obligations assumed by Pfizer under this CIA shall be five years from the effective date of this CIA.

Why was Pfizer removed from the stock exchange? ›

AP'S ASSESSMENT: False. Drug maker Pfizer Inc. has not been removed from the NYSE, where it was trading on Tuesday under the symbol “PFE.”A company spokesperson also confirmed that the stock remains listed. Social media users are misrepresenting the delisting of a debt security issued by Pfizer.

How much did Pfizer lawsuit cost? ›

Pfizer – $2.3bn

Pfizer and its subsidiary Pharmacia & Upjohn Company paid $2.3bn to settle criminal and civil liabilities for illegal promotion of their pharmaceutical products.

How much is Pfizer in debt? ›

Pfizer long term debt for the quarter ending June 30, 2022 was $34.294B, a 3% decline year-over-year. Pfizer long term debt for 2021 was $36.195B, a 2.53% decline from 2020.
...
Compare PFE With Other Stocks.
Pfizer Annual Long Term Debt (Millions of US $)
2019$35,955
2018$32,909
2017$33,538
2016$31,398
9 more rows

What opioid does Pfizer make? ›

Pfizer makes and markets the extended-release opioid painkiller, Embeda, which is not as central to the opioid addiction epidemic as Purdue's long-acting opioid OxyContin.

What was the biggest lawsuit in US history? ›

Tobacco Settlement — $206 Billion

The lawsuit was brought by attorneys general from 46 states to get compensation for all the money tobacco illnesses cost the state healthcare system. The final settlement agreement required these companies to pay $206 billion dollars.

What was the biggest medical lawsuit in US history? ›

A Baltimore judge upheld a medical malpractice verdict against Johns Hopkins Bayview Medical Center. A Baltimore judge upheld a $205 million verdict in favor of a Prince George's County woman in what attorneys say is the largest medical malpractice verdict in U.S. history.

Who is the biggest owner of Pfizer? ›

The Vanguard Group, Inc.

Where does Pfizer rank in the world? ›

1. Pfizer (US$79.6bn +90%) Pfizer, takes the top spot in 2022, rising from sixth in 2021.

Does Pfizer manufacture their own drugs? ›

From small molecules to breakthrough oncology medicines, our manufacturing and supply colleagues work all over the world to produce hundreds of different medicines and vaccines and get them to people where and when they need them.

Did Pfizer recall blood pressure medication? ›

Pfizer's blood pressure med recall creeps into US as testing flags carcinogen threat. After high levels of potential carcinogens forced Pfizer to pull multiple products in Canada, the company's recall saga has reached the U.S.

Did Pfizer create Xanax? ›

It's a psychoactive drug most commonly used to treat anxiety and panic disorders. In 1970, J. B. Hester of the Upjohn Co. (now part of Pfizer) was awarded a German patent for alprazolam; the corresponding US patent was issued in 1976.

Why is Pfizer Recalling hydrochlorothiazide? ›

Pfizer has issued a voluntarily recall of certain lots of quinapril HCl/hydrochlorothiazide tablets and additional lots distributed by Greenstone due to high levels of a nitrosamine known to be carcinogenic in high doses.

What three products did Pfizer recall? ›

Pfizer Voluntary Nationwide Recall of Lots of Accuretic (Quinapril HCl/Hydrochlorothiazide), Quinapril and Hydrochlorothiazide Tablets, and Quinapril HCl/Hydrochlorothiazide Tablets Due to N-Nitroso-Quinapril Content.

What are the 3 blood pressure meds recalled? ›

The drugs in the Pfizer recall include certain batches of Accupril (quinapril hydrochloride) tablets and Accuretic (quinapril hydrochloride plus hydrochlorothiazide) tablets distributed by Pfizer, as well as two related generic formulations distributed by Greenstone.

What are the long term side effects of lisinopril? ›

Long-Term
  • Swelling in the face, throat, hands, feet, ankles, or lower legs.
  • Difficulty breathing or swallowing, which can indicate a serious allergic reaction.
  • Hoarseness.
  • Jaundice (yellowing of the skin and eyes due to liver damage)
  • Fainting or lightheadedness.
  • Chest pain.

Is Pfizer or Moderna better? ›

Both of the mRNA vaccines available in the US are highly effective against severe COVID-19, but recent studies suggest that Moderna's elicits a stronger immune response and might be better at preventing breakthrough infections.

Is Johnson and Johnson owned by Pfizer? ›

Johnson & Johnson Completes Acquisition of Pfizer Consumer Healthcare | Johnson & Johnson.

Did Johnson & Johnson buy Pfizer? ›

Johnson & Johnson announced the agreement to acquire Pfizer Consumer Healthcare in June 2006 for $16.6 billion in an all cash transaction.

Who shouldn't get the Covid vaccine? ›

If you are allergic to PEG, you should not get an mRNA COVID-19 vaccine. Ask your doctor if you can get the J&J/Janssen vaccine. If you are allergic to polysorbate, you should not get the J&J/Janssen COVID-19 vaccine. Ask your doctor if you can get an mRNA COVID-19 vaccine.

How long did it take for the Pfizer vaccine to be made? ›

Over the next nine months, Pfizer and BioNTech would succeed at one of the most ambitious vaccine development program in history, shattering the previous record of four years, set by the development of a mumps vaccine in the 1960s10.

Which vaccine was developed the fastest? ›

For Maurice Hilleman, the invention of the mumps vaccine combined good science and good parenting. Until COVID-19 vaccines, it would be the fastest vaccine development in history.

Does Pfizer manufacture drugs in Canada? ›

Pfizer Canada Locations

Pfizer Canada's manufacturing facility in Brandon, Manitoba is responsible for the global production of conjugated estrogens, the active pharmaceutical ingredient for the PREMARIN family of brands and DUAVEE / DUAVIVE brands.

Is Pfizer made in UK? ›

Our business in the UK

Our site in Sandwich is home to Pfizer's fully automated 'Pilot Plant' that manufactures medicines for use in our clinical trials worldwide and is able to perform every step in the complex process of developing new medicines.

Are there Chinese on the Pfizer board? ›

AP'S ASSESSMENT: False. A photo being shared online showing a spreadsheet of 70 names does not list members of the Chinese Communist Party who have seats on a Pfizer investment board. In fact, there is no such panel.

What did Pfizer get sued for 2009? ›

The company marketed the product as a painkiller even though the FDA refused approval for wider use because of safety concerns. Pfizer was fined $US1. 3 billion for falsely marketing Bextra, the largest criminal fine ever imposed in the US.

How much has Pfizer been fined in total? ›

The drugmakers Pfizer and Flynn Pharma have been fined a total of £70m for overcharging the NHS for a life-saving epilepsy drug.

Why was Pfizer fined billions of dollars? ›

Federal prosecutors hit Pfizer Inc. with a record-breaking $2.3 billion in fines Wednesday and called the world's largest drug maker a repeating corporate cheat for illegal drug promotions that plied doctors with free golf, massages, and resort junkets.

Why was Pfizer sued for Lipitor? ›

Scores of Lipitor users who developed type 2 diabetes soon filed legal claims against Pfizer, alleging that their illness was a direct result of treatment. The lawsuits claim the drugmaker knew about or should have known about the diabetes risks of Lipitor before marketing it as a safe and effective treatment.

What three products did Pfizer recall? ›

Pfizer Voluntary Nationwide Recall of Lots of Accuretic (Quinapril HCl/Hydrochlorothiazide), Quinapril and Hydrochlorothiazide Tablets, and Quinapril HCl/Hydrochlorothiazide Tablets Due to N-Nitroso-Quinapril Content.

What is the largest lawsuit in history? ›

Number 1: The 1998 Tobacco Master Settlement Agreement

The 1998 Tobacco Master Settlement Agreement is also the biggest civil litigation settlement in US history. At USD246 billion, it is unlikely to be beaten any time soon. The case was brought against all the major tobacco companies by more than 40 US states.

What pharmaceutical company has the biggest lawsuit? ›

1. GlaxoSmithKline, $3 billion. GlaxoSmithKline holds the dubious distinction of being forced to pay the largest health care fraud settlement in U.S. history. The criminal fine was $956,814,400 with a forfeiture of $43,185,600.

How much did Pfizer lawsuit cost? ›

Pfizer – $2.3bn

Pfizer and its subsidiary Pharmacia & Upjohn Company paid $2.3bn to settle criminal and civil liabilities for illegal promotion of their pharmaceutical products.

How much is Pfizer in debt? ›

Pfizer long term debt for the quarter ending June 30, 2022 was $34.294B, a 3% decline year-over-year. Pfizer long term debt for 2021 was $36.195B, a 2.53% decline from 2020.
...
Compare PFE With Other Stocks.
Pfizer Annual Long Term Debt (Millions of US $)
2019$35,955
2018$32,909
2017$33,538
2016$31,398
9 more rows

Was Pfizer prosecuted? ›

— -- In the largest health care fraud settlement in history, pharmaceutical giant Pfizer must pay $2.3 billion to resolve criminal and civil allegations that the company illegally promoted uses of four of its drugs, including the painkiller Bextra, the U.S. Department of Justice announced Wednesday.

Who has the largest criminal fine in history? ›

Pfizer has often been reported as paying the largest criminal fine in history - with the pharmaceutical company falling foul of US regulators in 2009.

What happened to Purdue Pharma and the Sacklers? ›

The Sacklers will lose control of Purdue Pharma, which will be organized into a new company named Knoa Pharma with a board appointed by public officials. Company profits would go toward drug treatment programs.

Which statin was removed from the market? ›

The maker of cerivastatin, a popular cholesterol-lowering drug used by about 700,000 Americans, voluntarily pulled the medicine off the market yesterday because of numerous deaths associated with its use.

Why did they take Lipitor off the market? ›

Common Problems and Injuries

In rare cases, Lipitor can cause muscle damage called rhabdomyolysis, which may lead to severe kidney failure, liver damage, and death. Other complications that may arise from Lipitor use include: Liver damage - Lipitor can cause an increase in liver enzymes.

Has there been any side effects from Pfizer? ›

Injection site pain and systemic adverse events such as fatigue, headache and muscle ache following Pfizer have been commonly reported in routine use at similar or lower rates than reported in clinical trials.

Videos

1. Gravitas: Revealed: How Pfizer blackmails countries for shots
(WION)
2. Why Pfizer And Moderna Can't Be Sued For Covid Vaccine Side Effects
(CNBC)
3. Why Moderna Doesn't Own Its Covid Vaccine
(CNBC)
4. Conversation with Albert Bourla, CEO of Pfizer | Davos | #WEF22
(World Economic Forum)
5. COVID-19 Vaccines: The Science vs The Antiscience
(Tulane School of Public Health & Tropical Medicine)
6. Dr. Pedro A. Villarreal: COVID-19 and the Legal Issues of a Post-Vaccine World
(MPIL Heidelberg)

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