It also finalised a plan to develop a coronavirus vaccine in partnership with German drugmaker BioNTech SE and said the companies hope to produce millions of vaccines by the end of 2020.
Book review of PHARMA: Greed, Lies, and the Poisoning of America
(Reuters) - Pfizer Inc is considering a collaboration with German drugmaker BioNTech SE <22UAy.F> to develop vaccines for the coronavirus using BioNTech's mRNA-based drug development platform, Pfizer's R&D head told Reuters on Thursday.
The outbreak that began in Wuhan at the end of last year has killed over 2,700 in China, with over 78,000 confirmed cases of infection, and has now spread to several other countries.
The company had posted a net profit of Rs 131.94 crore for the corresponding period of the previous fiscal, Pfizer Ltd said in a filing to BSE.
Albert Bourla, CEO of Pfizer, discussed the time frame for the IPO at the JPMorgan Healthcare Conference in San Francisco on Tuesday
Repositioning an old brand helps expand the footprint, say analysts
More price increases are expected to be announced later this week, which could affect the median and range.
The company has so far developed and filed 13 ANDAs on its own and with partners, and received six approvals
Excluding special items, Pfizer earned 75 cents per share, topping analysts' average estimate by 13 cents
Biotechnology major Biocon on Tuesday said its subsidiary has acquired a Chennai-based biological research facility from Pfizer Healthcare for an undisclosed amount. Biocon Biologics has acquired research and development (R&D) capital assets of a 60,000-square feet research facility at Ticel Bio Park in Chennai, Biocon said in a statement. The high-end integrated R&D facility in Chennai will enable Biocon Biologics to expand its R&D capability and accelerate its journey towards meeting its strategic long-term goal of addressing the needs of millions of patients worldwide," Biocon Biologics CEO Christiane Hamacher said. This investment will allow the company to fast-forward development of its biosimilars from lab to pilot scale, he added. The facility will house an early stage research and innovation centre, including a pilot scale R&D unit equipped with cell line development, drug product formulation laboratories and analytical R&D laboratories. The facility is ...
The order said that the penalty amount will be paid within 45 days of receipt of this order
Separation of Pfizer's off-patent business would be a tax-free spin-off
The package offers statutory bonus, gratuity and a compensation of 75 days' wages for every completed year of service. An early bird incentive of Rs 7 lakh has also been offered
Both sites will immediately cease manufacturing; the company will exit both sites as soon as possible.
Over 1,700 employees were working in these two facilities
Revenue from operations of the company stood at Rs 5.19 billion in the quarter
Pfizer has been tackling supply shortage issues at its sterile injectable products unit for at least a year
Pfizer is contending with the expiry of patents on some of its blockbuster drugs
Firm says it is disappointed with the outcome of the inspection