Utah People's Post

The Latest News from the Beehive State

Saturday, July 2, 2022
Log in
  • National News
    • Female Caseworker Killed & Doctor Shot in Philadelphia
  • State News
    • Car Chase Leads to Drug Arrest
  • Tech & Science
  • Health
    • How to Prepare For Ticks Season
    • Magical Weight Loss Bean Scam
  • Sports
  • Business
You are here: Home / Business / Pfizer Scores Vaccine Expansion with Baxter’s Portfolio

Pfizer Scores Vaccine Expansion with Baxter’s Portfolio

July 30, 2014 Posted by Staff

pfizer_1816326c

It would seem that yet again Pfizer got the long straw as they landed the expansion they had been dreaming of. This win-win deal is bound to boost Pfizer’s vaccine business. By agreeing to pick up the vaccine portfolio Baxter owns (a portfolio worth $635 million), Pfizer has insured that they would be building their business up next year while the Deerfield based healthcare company will be slimming down.

Through this deal, Pfizer nabbed not only the NeisVac-C-a meningitis C Vaccine but also the FSME-IMMUN/TicoVac (a vaccine that protects those vaccinated against Frühsommer-Meningoenzephalitis, which is the very dangerous tick-borne encephalitis). According to Baxter, these two vaccines who are currently available outside the U.S. are estimated to bring up around $300 million in revenue during this year.

Apart from these vaccines, Pfizer also got a part of Baxter’s manufacturing facility based in Orth, Austria as an added bonus of the deal. This will not only boost Pfizer’s presence on the pharmaceutical stage (as Pfizer’s bestselling vaccine is its Prevnar 13, an excellent pneumococcal disease fighter but also the only vaccine Pfizer has to show for themselves) but it will also allow them to trail their rivals: Merck, Sanofi and GlaxoSmithKline where vaccines are concerned. Their expansion beyond the Prevnar franchise was CEO’s Ian Read main objective.

Susan Silbermann, Pfizer Vaccines President explained that the company has been striving towards bringing innovative vaccines to the public that will allow the prevention and treatment of serious diseases. She added that their newest acquisition will add two very effective and high-quality vaccines to their portfolio.

Baxter, on the other hand, has been trying to follow in the footsteps of other Big Pharma peers (such as Pfizer) and has decided on a slim-down strategy. Baxter’s objective is to focus on large medical devices and spin off its biopharma unit although its priorities don’t include vaccines.  According to Ludwig Hantson, Baxter BioScience President, the company will be investing in other areas such as hematology and immunology as well as gene therapy and biosimilars.

Experts believe that Baxter could have a difficult time in their attempt at increasing their revenues coming from their hematology department. Currently, Biogen Idec has become a great competitor for Baxter’s hemophilia drugs.  Moreover, the Massachusetts based company has evaluated that the treatments offered by their rivals are on par with other market leaders and that in the future, they might be looking at some patient switching because of this.

Share this:

  • Tweet
  • Share on Tumblr
  • Email

Filed Under: Business, Health Tagged With: baxter, baxter slim-down, Pfizer, pfizer baxter deal, pfizer portfolio, portfolio increase, vaccine business

Woman working out at the gym

Just 23% of Americans Are Working Out Enough in Their Spare Time

June 29, 2018 By Amelia Donovan

Poliovirus Therapy Gives Brain Cancer Patients New Hope (Study)

June 29, 2018 By Amelia Donovan

United Airlines airplane

Passenger Mysteriously Dies on United Airlines flight Bound for Boston

June 28, 2018 By Amelia Donovan

Breakfast sandwich

Here Are Some Foods No Nutritionist Would Ever Eat

June 27, 2018 By Amelia Donovan

Poppy flower

UN Warns of Surge in Opium-based Drugs and Cocaine Supply

June 27, 2018 By Amelia Donovan

U.S.-Canada border

French Jogger Detained 2 Weeks for Accidentally Crossing Border

June 26, 2018 By Amelia Donovan

Plus size model

Normalizing Plus Size Could Fuel Obesity Crisis (Study)

June 25, 2018 By Amelia Donovan

Giant manta ray

Unique Manta Ray Nursery Spotted off Texas Coast

June 23, 2018 By Amelia Donovan

The rainbow flag

WHO Scraps Transgenderism from List of Mental Illnesses

June 22, 2018 By Amelia Donovan

456 People Dead at U.K. Hospital after Taking too Many Painkillers

June 21, 2018 By Amelia Donovan

Kenyan girls dancing

Kenyans Facing Poor Nutrition as Supermarket Shopping Is on the Rise

June 20, 2018 By Amelia Donovan

Pages

  • About
  • Contact
  • Privacy Policy GDPR
  • Staff
  • Terms and Conditions

Recent Posts

  • Just 23% of Americans Are Working Out Enough in Their Spare Time
  • Poliovirus Therapy Gives Brain Cancer Patients New Hope (Study)
  • Passenger Mysteriously Dies on United Airlines flight Bound for Boston
  • Here Are Some Foods No Nutritionist Would Ever Eat
  • UN Warns of Surge in Opium-based Drugs and Cocaine Supply
  • French Jogger Detained 2 Weeks for Accidentally Crossing Border
  • Normalizing Plus Size Could Fuel Obesity Crisis (Study)

Related Articles

  • Woman working out at the gym

    Just 23% of Americans Are Working Out Enough in Their Spare Time

    Jun 29, 2018
  • Poliovirus Therapy Gives Brain Cancer Patients New Hope (Study)

    Jun 29, 2018
  • Passenger Mysteriously Dies on United Airlines flight Bound for Boston

    Jun 28, 2018
  • Breakfast sandwich

    Here Are Some Foods No Nutritionist Would Ever Eat

    Jun 27, 2018
  • Normalizing Plus Size Could Fuel Obesity Crisis (Study)

    Jun 25, 2018
  • The rainbow flag

    WHO Scraps Transgenderism from List of Mental Illnesses

    Jun 22, 2018
  • 456 People Dead at U.K. Hospital after Taking too Many Painkillers

    Jun 21, 2018
  • Young woman affected by depression

    If You Have PTSD You Were Likely Abused as a Child

    Jun 19, 2018
  • Obese dog on a leash

    Obese Dogs Can Help Us Better Understand How Obesity Works

    Jun 18, 2018
  • Our Brains Are Craving Combinations of Fats and Carbs (Study)

    Jun 15, 2018

Categories

  • Business
  • Entertainment
  • Health
  • National News
  • Nature
  • Provo
  • Salt Lake News
  • Science
  • Sports
  • State News
  • Tech & Science
  • Technology
  • Uncategorized
  • West Jordan
  • West Valley City
  • World

Copyright © 2022 utahpeoplespost.com

About · Privacy Policy · Terms of Use · Site Map · Contact