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Pfizer to Repurchase $5B in Stock in Accelerated Plan

February 10, 2015 8:06 am | News | Comments

The accelerated stock buyback is part of its $11B share repurchase plan authorized in October. It said it will receive the approximately 150 million shares involved in the buyback from Goldman Sachs on Wednesday.       

Analyst: Pfizer’s Acquisition of Hospira Lays Foundation for Potential Generics Unit Spin-Off

February 9, 2015 7:57 am | News | Comments

The Hospira deal will add significant value to Pfizer’s GEP segment, a vertical which has been...

Pfizer Buying Hospira for $15.23B

February 6, 2015 8:02 am | by MICHELLE CHAPMAN, AP Business Writer | News | Comments

Pfizer is buying Hospira for approximately $15.23 billion, saying it is a good fit with its...

Pfizer Receives FDA Accelerated Approval of IBRANCE®

February 4, 2015 3:41 pm | News | Comments

Pfizer anounced the FDA has granted accelerated approval of IBRANCE®, in combination with...

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Pfizer Net Down on Lower Sales, Higher Research, Legal Costs

January 27, 2015 12:53 pm | by LINDA A. JOHNSON, AP Business Writer | News | Comments

Pfizer's fourth-quarter profit fell by half as worsening generic competition and unfavorable currency rates reduced sales, and higher research spending and legal costs also hurt the bottom line. The world's second-biggest drugmaker by revenue reported lower sales for most of its huge portfolio of prescription medicines, with the biggest hit coming from new generic competition to popular painkiller Celebrex.

Pfizer Beats Wall Street Fourth Quarter Forecasts

January 27, 2015 7:42 am | News | Comments

Pfizer on Tuesday reported fourth-quarter earnings of $1.23B. On a per-share basis, the company said it had net income of 19 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 54 cents per share.

Pfizer's New Type of Cancer Drug May Get Early OK

January 8, 2015 1:44 pm | by The Associated Press | News | Comments

The first in a new class of cancer medicines, Pfizer's Ibrance, appears poised for approval to treat advanced breast cancer within just a few months and could quickly become a blockbuster, some analysts believe.       

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Pfizer Acquires Redvax GmbH

January 5, 2015 8:05 am | News | Comments

Pfizer has acquired a controlling interest in Redvax GmbH, a spin-off from Redbiotec AG, a privately held Swiss biopharmaceutical company, based in Zurich-Schlieren. This transaction provides access to a preclinical human cytomegalovirus (CMV) vaccine candidate.

Pfizer Reports Top-Line Results from a Phase III Pain Study

December 18, 2014 10:08 am | News | Comments

Pfizer has announced top-line results from a double-blind Phase III study evaluating pregabalin controlled-release (CR) formulation in adult patients with postherapeutic neuralgia (pain after shingles or PHN).        

Pfizer Starts Phase II Study of PF-06252616 in Duchenne Muscular Dystrophy

December 17, 2014 8:14 am | News | Comments

Pfizer has announced enrollment of the first patient in a multicenter Phase II clinical trial of the investigational compound PF-06252616 in boys with Duchenne muscular dystrophy (DMD), a genetic disorder characterized by progressive muscle degeneration and weakness.

Pfizer Pays OPKO $295M to Collaborate on OPKO’s Long-Acting Human Growth Hormone

December 15, 2014 8:07 am | News | Comments

Under the terms of the agreement, OPKO will receive an upfront payment of $295M and is eligible to receive up to an additional $275M upon the achievement of certain regulatory milestones. Pfizer will receive the exclusive license to commercialize hGH-CTP worldwide.

Spark Therapeutics Announces $280M Gene Therapy Collaboration in Hemophilia B with Pfizer

December 8, 2014 8:04 am | News | Comments

Spark Therapeutics, a late-stage gene therapy company developing treatments for debilitating genetic diseases, has entered into a global collaboration with Pfizer for the development and potential commercialization of SPK-FIX, a development program advancing proprietary, bio-engineered adeno-associated virus vectors for the potential treatment of hemophilia B.

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World Anti-Doping Agency Signs Deal with Pfizer

December 3, 2014 1:45 pm | News | Comments

The World Anti-Doping Agency has signed a deal with Pfizer to share information about new performance-enhancing substances that could be misused by athletes.                

Survey: Majority of Women with Breast Cancer Who Work Want to Do So Even While Undergoing Treatment

December 2, 2014 8:15 am | News | Comments

A new survey reveals that 77 percent of working women with breast cancer, including those with metastatic disease, feel that working aids in their recovery – a view shared almost unanimously by healthcare professionals, who were also surveyed (92%).

Pfizer Completes Acquisition of Baxter’s Marketed Vaccines

December 1, 2014 8:15 am | News | Comments

Pfizer has completed the acquisition of Baxter International Inc.’s portfolio of marketed vaccines. The portfolio that was acquired consists of NeisVac-C and FSME-IMMUN/TicoVac. Pfizer also acquired a portion of Baxter’s facility in Orth, Austria, where these vaccines are manufactured.

Merck and Pfizer to Develop Anti-PD-L1 to Accelerate Presence in Immuno-Oncology

November 17, 2014 8:15 am | News | Comments

Merck announced today that it has entered into a global agreement with Pfizer to co-develop and co-commercialize MSB0010718C, an investigational anti-PD-L1 antibody currently in development by Merck as a potential treatment for multiple tumor types to accelerate the two companies’ presence in immuno-oncology.

Missouri Panel Formed to Investigate Attorney General Koster’s Pharmaceutical Ties

November 12, 2014 3:03 pm | by SUMMER BALLENTINE, Associated Press | News | Comments

Missouri House Speaker Tim Jones on Wednesday created a committee of lawmakers to review allegations that Attorney General Chris Koster has been influenced by lobbyist perks and campaign contributions.         

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FDA Grants Accelerated Approval to Pfizer’s TRUMENBA®

October 29, 2014 3:22 pm | News | Comments

Pfizer announced that the FDA has granted accelerated approval of TRUMENBA ® (meningococcal group B vaccine) for active immunization to prevent invasive disease caused by Neisseria meningitidis serogroup B in individuals 10 through 25 years of age.

Pfizer Beats Wall Street Third Quarter Forecasts

October 28, 2014 8:13 am | News | Comments

On a per-share basis, the New York-based company said it had profit of 42 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 57 cents per share.          

Pfizer Approves $11B Stock Repurchase Plan

October 23, 2014 4:38 pm | by The Associated Press | News | Comments

Pfizer says it approved the repurchase of $11 billion in company stock. The company did not say when it would buy back the shares. Pfizer has $1.3 billion remaining from its latest stock repurchase program.        

Pfizer Wins SUTENT® Patent Case

October 23, 2014 10:14 am | News | Comments

Pfizer announced that the U.S. District Court for the District of Delaware upheld its basic patent and the L-malate salt patent covering SUTENT® capsules. This decision, which is subject to appeal, affirms Pfizer’s right to exclusively provide sunitinib malate as SUTENT to patients through the term of the patent, which expires in 2021.

Anti-Abuse Label Approved for Painkiller Embeda

October 17, 2014 8:36 pm | by The Associated Press | News | Comments

The U.S. Food and Drug Administration says it has approved new labeling for another opioid designed to limit painkiller abuse. The FDA said Friday that Pfizer Inc.'s Embeda can have labeling indicating that it has properties expected to reduce abuse of the drug when it is crushed and taken orally or snorted.

FDA Panel Votes to Keep Boxed Warning on Chantix

October 16, 2014 4:36 pm | by The Associated Press | News | Comments

Federal health advisers say a bold-letter warning about suicide risks with Pfizer's Chantix should remain on the anti-smoking drug until it can reevaluated based on new, rigorous study information. Eleven advisers to the Food and Drug Administration voted to retain the so-called black box warning.

FDA: Little Evidence to Drop Chantix Boxed Warning

October 14, 2014 11:50 am | by MATTHEW PERRONE, AP Health Writer | News | Comments

Federal regulators say Pfizer has provided low-quality evidence to support its request to remove a bold-letter warning from its anti-smoking drug Chantix about suicidal behavior. The twice-a-day tablet has carried the FDA's strongest warning label, known as a black box, since 2009 following reports of suicidality, hostility and depression among some patients.

FDA Accepts Pfizer's Palbociclib New Drug Application for Priority Review

October 14, 2014 8:52 am | News | Comments

This NDA requests FDA approval of palbociclib, in combination with letrozole, as a first-line treatment for postmenopausal women with estrogen receptor positive (ER+), human epidermal growth factor receptor 2 negative (HER2-) advanced breast cancer who have not received previous systemic treatment for their advanced disease.

Safety Advocates Seek Stronger Warnings on Chantix

October 8, 2014 10:09 am | by MATTHEW PERRONE, AP Health Writer | News | Comments

Public safety advocates are asking the federal government to strengthen warnings on Pfizer's anti-smoking drug Chantix, even as the drugmaker prepares to argue that a bolded warning about psychiatric problems should be removed from its medicine's label.

Viagra Ads Target Women for First Time

October 1, 2014 8:30 am | by LINDA A. JOHNSON, AP Business Writer | News | Comments

The maker of the world's top-selling erectile dysfunction drug on Tuesday will begin airing the first Viagra TV commercial that targets the less-obvious sufferers of the sexual condition: women.          

Drug and Device Firms Paid $3.5B to Care Providers

September 30, 2014 6:45 pm | by Ricardo Alonso-zaldivar - Associated Press - Associated Press | News | Comments

From research grants to travel junkets, drug and medical device companies paid doctors and leading hospitals billions of dollars last year, the government disclosed Tuesday in a new effort to spotlight potential ethical conflicts in medicine.  

M&A Update: Abbott, CFR, Pfizer, InnoPharma

September 26, 2014 11:07 am | News | Comments

Pfizer announced that it has completed its acquisition of pharmaceutical development company, InnoPharma, Inc., and Abbott has acquired control of CFR Pharmaceuticals, more than doubling its Latin American-branded generics pharmaceutical presence.

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