On Monday, Tony Coles, former CEO of Onyx Pharmaceuticals, announced the launch of a new biotech company that will use all its brain power and logistics in finding revolutionary yeast-based cures to Parkinson’s, Alzheimer’s and ALS disease. The technology used was developed by researcher Susan Lindquist who won the National Medal of Science for her brain-related research. Mr Coles will use the … [Read more...]
New $1 Contraceptive to Reach 69 Poor Countries
The Bill & Melinda Gates Foundation is joining Pfizer Inc. and the Children’s Investment Fund Foundation as part of its $1 billion dollar effort to make it more accessible for women in poor countries to receive contraceptives. Depo-Provera, the injectable contraceptive has been a favorite among women in Asia and Africa. Getting these shots, however, would require a lengthy journey to a … [Read more...]
Pfizer Fails at Removing Warnings about Neuropsychiatric Dangers of Smoking Cessation Drug
An advisory panel of the American Food and Drug Administration has voted against an effort made by Pfizer Inc. to remove boxed warnings of neuropsychiatric side-effects on the label for Chantix, a smoking-cessation drug produced by the company. Out of the assembled committee members, 11 voted in favor of maintaining the existing warnings, six suggested modifications and one voted in favor of … [Read more...]
Pfizer Sued due to Claim that Lipitor Could be Involved in Diabetes Development
Since 1996, when it (Atorvastatin calcium) first reached the American market, Lipitor has been the number one best-selling drug available by prescription. Between its release and not, more than $130 billion were made in worldwide sales. In the United States, there are currently more than 29 million patients who require Lipitor to lower their cholesterol levels. However, in spite of its … [Read more...]
Pfizer Scores Vaccine Expansion with Baxter’s Portfolio
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 … [Read more...]
Pfizer Ends £70 billion deal with AstraZeneca, Swedish-British multinational pharmaceuticals.
America’s multinational pharmaceutical corporation, Pfizer, has announced that it is no more interested in buying AstraZeneca, Britain’s second-largest pharmaceutical company. “We do not intend to make an offer for AstraZeneca,” the company said in a statement. The cash-and-stock offer, which valued AstraZeneca at about $119 billion, would have created the world’s largest drug … [Read more...]
Pfizer’s experimental breast cancer drug Palbociclib shows positive results in clinical trial
An early clinical trial has found that the experimental cancer drug manufactured by Pfizer has shown positive results in treating breast cancer in women who are at advanced stage. Pfizer, the world's second largest drug maker, has said that the new drug helped in preventing breast cancer from worsening for 20.2 months in a trial that involved 165 women. The new experimental drug has been … [Read more...]
Pfizer recalls three lots of antidepressant Effexor XR
The American multinational pharmaceutical corporation Pfizer Inc. has recalled three lots of the antidepressant Effexor XR along with other generic versions of the drug, after another drug Tikosyn was allegedly found in one of the bottles. Following are the antidepressants that were voluntarily recalled: One lot of 30-count Effexor XR (venlafaxine HCI) 150 mg extended-release … [Read more...]
Drug maker Pfizer recalls antidepressants after Tikosyn capsule found in bottle
Drug maker Pfizer Inc. has voluntarily recalled three lots of antidepressants Effexor (venlafaxine HCI), after a capsule of Tikosyn was found in one of the bottles. “Although Pfizer has not received any other such reports, these three lots are being voluntarily recalled as a precaution because they were packaged on the same line,” the company said in an announcement. The recalled … [Read more...]