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Pfizer's Acquisition of Pharmacia

Pfizer acquired Pharmacia in July 2002. This made Pfizer the largest pharmaceutical company in the world, with a market value of $256 billion, surpassing its closest rival GlaxoSmithKline. The acquisition brought several top-selling drugs like Celebrex and Viagra under Pfizer and strengthened its product portfolio. After the deal, Pfizer had annual revenue of $50 billion and employed over 81,800 people worldwide.

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Nayan Shukla
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502 views10 pages

Pfizer's Acquisition of Pharmacia

Pfizer acquired Pharmacia in July 2002. This made Pfizer the largest pharmaceutical company in the world, with a market value of $256 billion, surpassing its closest rival GlaxoSmithKline. The acquisition brought several top-selling drugs like Celebrex and Viagra under Pfizer and strengthened its product portfolio. After the deal, Pfizer had annual revenue of $50 billion and employed over 81,800 people worldwide.

Uploaded by

Nayan Shukla
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

PFIZER ACQUIRED

PHARMACIA

By - Nayan Shukla
Company Details Before Acquisition

 Pfizer Inc. Pharmacia Corp.


 Founded in1849  Founded in 1911
 Founded by Charles  Founded by Gustav Felix
Pfizer and Charles Grönfeldt.
Erhardt.  Company’s headquarters are
 Company’s in Peapack, New
headquarters are in Jersey
New York City, with
its research
headquarters in
Groton.

Pharmacia Details Before Acquisition
 Pharmacia was first merged with "Kabi Vitrum" to form Kabi
Pharmacia in 1990. Kabi was later excluded.
 Then the company merged with the American pharmaceutical
company Upjohn in 1995.
 The merged company "Pharmacia & Upjohn" merged with the
American bioindustry and medical company Monsanto
Company in 2000.
 The resulting conglomerate took the name of "Pharmacia Corp.“

 In July 2002, Pharmacia was bought by Pfizer.



Pfizer Details Before Acquisition

 Buys the US marketing rights to antihistamine eye


drop in 1997.
 Buys marketing rights from GD Searle & Co for its
arthritis treatment in 1998
 Merger of mutual interest with Warner-Lambert in
2000.
 Announces acquisition of Pharmacia Corp in 2002.

Business Details Of Pfizer

 Industry: - Health Care

 Revenue: - US$50.0 Billion

 Products: -Accupril, Lipitor, Viagra

 Subsidiaries: -Agouron Pharmaceuticals, G.D.


Searle, Parke-Davis, Pharmacia, Upjohn,
Warner Lambert, Wyeth.
Reasons For Acquisition

 Strengthening its position as the world's leading


pharmaceutical company.
 Pfizer will gain several bestselling products under
the deal. Like Celebrex, minoxidil, somatropin,
sildenafil.
 Shock to the closest rival GlaxoSmithKline which
was in merger talks with Bristol-Myers Squibb.
 Merger between Pfizer and Pharmacia would
propel the new firm to the top of the market in
the European sector.
Position After Acquisition

 Pfizer became No. 1 drug maker.

 Its $256 billion market value makes it No. 3


behind only General Electric and Microsoft.
 Net income : -US$8.63 Billion

Current Position Of Group

 Headquarters: - New York City, U.S.

 Key people: - Jeff Kindler, Chairman and CEO.


 Revenue: - US$50.0 Billion.

 Employees : - 81,800

Conclusion

 So, by acquiring the Pharmacia, Pfizer


brought in two companies Upjohn
and Monsanto with Pharmacia and
established itself as a undisputed
king in the field of drugs and
pharmaceutical sector and also give
a sudden surprise to its closest
competitor GlaxoSmithKline.

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