Karl Christian Friedrich Pfizer
March 22, 1824
|Died||October 19, 1906 (aged 82)|
|Known for||Co-founder of Pfizer|
Karl Christian Friedrich Pfizer (German: [kaʁl ˈpfɪtsɐ]; March 22, 1824 – October 19, 1906), known as Charles Pfizer, was a German-American businessman and chemist who co-founded the Pfizer pharmaceutical company with his cousin, Charles F. Erhart, in 1849, as Chas. Pfizer & Co. Inc.
Life and family
He was born Karl Christian Friedrich to Karl Frederick Pfizer and Caroline (born Klotz). Like his older cousin, future business partner and brother-in-law, Karl Erhart, Pfizer was born in Ludwigsburg, Kingdom of Württemberg (now Germany). He emigrated to the United States in October 1848.
Pfizer married Anna Hausch, in 1859, in his hometown of Ludwigsburg, where he often visited. They had six children, five of whom survived to adulthood: Charles Jr (1860–1928), Gustavus (1861–1944), Emile (1864–1941), Helen Julia (born 1866, who married Sir Frederick Duncan, 2nd Baronet), Alice (who married Baron Bachofen von Echt of Austria), and Ann (1875–1876).
In 1849, he borrowed US$2,500 from his father to buy a commercial building in Williamsburg, Brooklyn. He then co-founded Chas. Pfizer & Co. Inc. The company produced santonin, an antiparasitic, later expanding production to other chemicals.
Pfizer's partner and cousin, Charles F. Erhart, also wed his sister, Frances, becoming his brother-in-law. When Erhart died, in 1891, their partnership agreement came into effect, which stipulated that the surviving partner could buy the other's share of the company for half of its inventory value. Pfizer promptly exercised this option, paying his partner's heirs $119,350 for Erhart's half of the business. He remained as the head of the company for 51 years, until 1900, when it was incorporated. Charles Pfizer Jr. then became the company's first president; he was later succeeded by his brother, Emile.
1906 injury and death
Pfizer died at his summer home, "Lindgate", in Newport, Rhode Island; his main residence was in Clinton Hill, Brooklyn. His death followed a fall down stairs, a few weeks prior, in which he broke an arm and was further injured.
- German-American Business Biographies. E-knihy jedou. 2001. p. 348. ISBN 978-0-9703748-1-3. Retrieved November 18, 2020.
- Ivan Kazimour. Historie zdravotnictvi. E-knihy jedou. p. 283. ISBN 978-80-7512-758-7. Retrieved November 18, 2020.
- "History: Charles Pfizer". Pfizer. Archived from the original on May 10, 2017. Retrieved May 10, 2017.
- U.S. Passport Application for Charles Pfizer, May 1899; National Archives and Records Administration (NARA); Washington D.C.; NARA Series: Passport Applications, 1795–1905; Roll #: 525; Volume #: Roll 525 – 11 May 1899-19 May 1899
- "Sir Oliver Duncan". The New York Times. September 26, 1964.
- "Charles Pfizer". Immigrant Entrepreneurship. January 1, 2017. Retrieved May 10, 2017.
- "Trade catalogs from Chas. Pfizer & Co. Inc". National Museum of American History. Smithsonian. Retrieved November 18, 2020.
- Vereinigung des Adels in Bayern e. V. (Hrsg.): Genealogisches Handbuch des in Bayern immatrikulierten Adels, Band XV, Neustadt an der Aisch 1984, p. 452.
- "Charles Pfizer". The New York Times. October 21, 1906.