What type of company is pfizer

The company makes money by developing and manufacturing drug treatments to promote health and prevent disease. Its single operating segment spans a range of therapeutic areas, including oncology, internal medicine, hospital, vaccines, inflammation and immunology, and rare diseases. Several other large, global drug manufacturers present Pfizer with significant competition.

We take a closer look at these five giants of the pharmaceutical industry below. They are ranked by market cap as of the close of trading on Aug. Roche Holdings' revenue for specific drugs were converted from Swiss francs to U. Roche Holding is a global healthcare company with headquarters in Basel, Switzerland.

Its business is organized into two main divisions: pharmaceuticals and diagnostics. The company develops drugs and treatments across a range of areas, including oncology, neuroscience, infectious diseases, immunology, cardiovascular and metabolism, ophthalmology, and respiratory.

Roche's top-selling drug in FY was Avastin, which is used to treat advanced colorectal, breast, lung, kidney, cervical and ovarian cancer, relapsed glioblastoma, and liver cancer. Eli Lilly is a global drug manufacturing company headquartered in Indianapolis, Indiana.

Its business focuses on the discovery, development, manufacture, and marketing of human pharmaceutical products. Those products span different therapeutic areas, including diabetes, oncology, immunology, neuroscience, and more.

Eli Lilly's top-selling drug in FY was Trulicity, which is used to treat type 2 diabetes as well as reduce the risk of significant adverse cardiovascular events.

AbbVie is a global biopharmaceutical company based in Chicago. The company's single business segment is engaged in the research and development, manufacturing, commercialization, and sale of innovative medicines and therapies. Its products span a range of healthcare-related areas, including immunology, oncology, aesthetics, neuroscience, eye care, women's health, and more. AbbVie's top-selling drug in FY was Humira, which is a biologic therapy used to treat a number of autoimmune diseases, such as rheumatoid arthritis, psoriatic arthritis, adult Crohn's disease, and others.

Novartis is a global healthcare company with headquarters in Basel, Switzerland. Its business is organized into two primary divisions: innovative medicines, which develops patent-protected, prescription medications; and Sandoz, which develops generic pharmaceuticals and biosimilars.

The company's focus areas include oncology, immunology, hepatology, dermatology, ophthalmology, neuroscience, cardiovascular, renal, metabolism, and respiratory.

Novartis' top-selling drug in FY was Cosentyx, which is an injectable, fully-human, monoclonal antibody used to treat several immunological diseases. Merck is a global healthcare company based in Kenilworth, New Jersey. The company offers prescription medicines, vaccines, biologic therapies, and animal health products. Its two operating segments are pharmaceutical and animal health.

It offers a variety of treatments across a wide range of areas, including oncology, vaccines, hospital acute care, immunology, neuroscience, virology, cardiovascular, diabetes, women's health, livestock products, and companion animal products.

Merck's top-selling drug in FY was Keytruda, which is used to treat patients with a range of different types of cancer, such as cervical cancer, classical Hodgkin Lymphoma, certain lung cancers, and numerous others. Accessed Aug. 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.

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