It reported total revenue of $13.70 billion for the first quarter, compared with analysts' expectations of $13.91 billion, according to LSEG data
According to the company's latest statement, one patient experienced a potential liver injury that may have been caused by the drug
The report said on Wednesday GSK's former head of vaccine development, Philip Dormitzer, had told his colleagues about the delay by Pfizer, where he worked before joining the British company
China reassures foreign investors amid geopolitical tensions, urging open markets and promising a better business environment at the China Development Forum
The drug, vepdegestrant, failed to meaningfully delay cancer progression for all patients enrolled in the study but met its goals for a subset who have a specific genetic mutation
The US president has imposed a 10 per cent tariff across all Chinese imports into the US and proposed a 25 per cent levy on most goods from Mexico and Canada
Under the agreement, the company with Mylan Pharma will market and sell two brands Ativan and Pacitane. The contract is for five years within the territory of India
Pfizer is facing investor pressure to show that its recent acquisitions and investments can bring in returns
Drug firm Pfizer on Friday said its net profit declined by 2 per cent to Rs 128 crore for the third quarter ended December 31, 2024. The company had reported a net profit of Rs 130 crore in the October-December period of last fiscal. Revenue from operations declined to Rs 538 crore in the third quarter as compared with Rs 540 crore in the year-ago period, Pfizer Ltd said in a regulatory filing. Shares of the company on Friday ended 0.43 per cent up at Rs 4,536.05 apiece on BSE.
Stocks to Buy Today: Narayana Hrudalaya and Pfizer shares have been rising with heavy volumes
Shares of the drugmaker rose nearly 3 per cent to $25.98 in premarket trading after the company also said it was expecting 2025 sales of its Covid-19 vaccine and drug to be consistent
Pfizer's shares have fallen more than 9% in the past year and trade at around half of their pandemic-era highs as sales of its COVID products shrink
Read served as CEO until Albert Bourla took the position in 2019. Bourla was instrumental in working with BioNTech to develop a COVID-19 vaccine
Starboard has also approached Ian Read, a former Pfizer CEO, and Frank D'Amelio, who served as CFO until 2021, and both have expressed interest in helping the activist investor
The US company intends to sell 540 million Haleon shares, according to a statement on Monday
The northward movement in the rally follows the announcement of a whopping 350 per cent dividend, or Rs 35 per share, for FY24
The companies collectively are facing thousands of lawsuits against them in courts across the United States
The market for pharmaceutical products used in managing Covid-19 has shrunk by billions of dollars a year, including for Pfizer's vaccines and treatments
Not just AstraZeneca, but Pfizer and Roche have also set up their centres in the state
Moderna had argued Pfizer and BioNTech copied mRNA advances it had pioneered and patented well before the Covid-19 pandemic began in late 2019