Pfizer Acts on Growing Interest in Niche Drugs
2010-09-03 07:57:47
Quote: By Michael FitzhughPfizer (PFE) has agreed to by FoldRX, a privately held specialty drug developer targeting protein misfolding for an undisclosed initial payment plus milestones. The purchase builds on the drug giant's growing interest in niche drugs, a category it has begun to develop as a potential source of new revenues capable of partially stemming the losses it will incur when Lipitor goes off-patent in 2011. Pfizer has already in-licensed Protalix's (PLX) Uplyso for Gaucher's disease, a...
Read articleA Look at Immunogen Beyond the T-DM1 Setback
2010-09-03 07:57:46
Quote: This target is being pursued by Pfizer (PFE) and Centocor through naked antibodies. The Centocor antibody (CNTO-95) has been in clinical trials for 8 years and is currently in a phase I study where it is given together with Avastin. Results to date were unimpressive although there were some signs of clinical activity as a single agent. IMGN388 is interesting because it is the first and only antibody drug conjugate targeting an integrin. The naked antibodies aim at disrupting the biologic activit...
Read articlePfizer Could Reface up to 1,000 Lawsuits on HRT Complications
2010-09-03 07:57:46
Quote: The Superior Court of Pennsylvania has decided that lawsuits filed by 14 women against Pfizer’s (PFE) Wyeth and Pharmacia units over links between breast cancer and hormone replacement therapies were incorrectly dismissed by a lower court. And the ruling could restore as many as 1,000 mass tort lawsuits to the docket in Phildelphia Common Pleas Court.At issue was whether Elizabeth Coleman could have reasonably known that her breast cancer was linked to one of the HRT meds she was prescribe...
Read articleUPDATE - Celldex says Pfizer ends cancer vaccine deal; shrs fall
2010-09-03 07:57:45
Keywords: Healthcare Facilities / Services,Business/Public Services,United States,Healthcare,Healthcare services,Healthcare Providers / Services,Company Events,Biotechnology / Pharmaceuticals,Biotechnology / Medical Research,Pharmaceuticals - Diversified,Volatile S
Quote: Fri Sep 3, 2010 7:44am EDT* Says cancer vaccine not strategic priority for Pfizer * Worldwide rights to vaccine revert to Celldex on Nov. 1 * Celldex down 36 pct pre-market Sept 3 (Reuters) - Celldex Therapeutics Inc (CLDX.O) said
its partner Pfizer (PFE.N) ended the deal to co-develop
Celldex's cancer vaccine, its lead product, as the program was
no longer a strategic priority for the drug giant. Celldex shares were down 36 percent at $3.05 in pre-market
trade on Friday. Worldwide rights to dev...
Read articleCelldex, Pfizer Split Over Brain Tumor Drug
2010-09-03 07:57:44
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Adam Feuerstein ,Drugs
Quote: (TheStreet) --Pfizer(PFE) walked away from a partnership with Celldex Therapeutics(CLDX) to develop the small drugmaker's brain tumor vaccine CDX-110, Celldex announced Friday.Celldex has regained full rights to CDX-110 and says it intends to continue the drug's development. Pfizer decided to terminate the partnership over CDX-110 because the drug is "no longer a strategic priority" for the company, Celldex said.Celldex shares were down 36% to $3.05 in Friday's pre-market trading.Celldex license...
Read articleHedge Funds: Einhorn up more than 4% in August
2010-09-02 04:32:14
Keywords: Industries|Banking, GLRE, Greenlight Capital RE Ltd, CIT, CIT Group Inc, ESV, ENSCO PLC, PFE, Pfizer Inc, VOD, Vodafone Group Plc
Quote: AlertEmailPrintBy Alistair Barr, MarketWatchSAN FRANCISCO (MarketWatch) -- David Einhorn generated returns of more than 4% in August as equity markets slumped, according to the investment results of Greenlight Capital Re, a reinsurer that invests its premiums with the hedge fund manager.Einhorn, who runs hedge fund firm Greenlight Capital, is also chairman of Greenlight Capital Re/quotes/comstock/15*!glre/quotes/nls/glre(GLRE24.04,+0.98,+4.25%), which reinsures a variety of property and casualty...
Read articleBotox maker to pay $600M to resolve investigation
2010-09-02 04:32:12
Keywords: Botox maker to pay $600M to resolve investigation, agn,pfe
Quote: and eliminates additional related litigation cost," Biegelsen wrote in a note to investors.In recent years, federal investigators have reached multibillion dollar settlements with Pfizer, Eli Lilly and other drug companies over their marketing practices.Botox is most famous for its ability to smooth frown lines on aging foreheads, but the drug -- introduced in 1989 -- is also approved to treat neck spasms, eye muscle disorders and excessive underarm sweating.Last year the drug won approval to tr...
Read articleBotox maker to pay $600M to resolve investigation
2010-09-02 04:32:10
Keywords: Botox maker to pay $600M to resolve investigation, agn,pfe
Quote: and eliminates additional related litigation cost," Biegelsen wrote in a note to investors.In recent years, federal investigators have reached multibillion dollar settlements with Pfizer, Eli Lilly and other drug companies over their marketing practices.Botox is most famous for its ability to smooth frown lines on aging foreheads, but the drug -- introduced in 1989 -- is also approved to treat neck spasms, eye muscle disorders and excessive underarm sweating.Last year the drug won approval to tr...
Read articlePfizer: You'd Have to Be Sick to Touch This Drug Stock
2010-09-02 04:32:09
Quote: By Roger Nachman Don't people buy stocks because they think the stocks will go up in value? Well not Pfizer (PFE)shareholders.If you're a Pfizer shareholder, maybe you need thecompany to develop a drug that makes you smarter, because it certainlyisn't making you richer. Take a look at a 5 year chart of PFE. It's done nothing but go down.Yes I know that Pfizer pays a steepdividend yield, currently at 4.5%.So investors should feel somestability in holding these shares.But if investors just wanted ...
Read articleBristol drug cuts stroke risk by half vs aspirin-study
2010-08-31 03:34:45
Keywords: Pharmaceuticals - Diversified,Biotechnology / Pharmaceuticals,United States,Sweden,Germany,Western Europe,Europe,Chemicals,Healthcare,Pharmaceuticals,Pharmaceuticals / Medical Research,Nordic States,Company News item,Economic news, EC, business/financial
Quote: Tue Aug 31, 2010 2:00am EDT
* Apixaban reduces stroke by 52 pct vs aspirin - study * No significant difference in serious bleeding - study * Bristol, Pfizer race against rivals to replace warfarin By Ben Hirschler STOCKHOLM, Aug 31 (Reuters) - An experimental drug from
Bristol-Myers Squibb (BMY.N) and Pfizer (PFE.N) reduces the risk
of stroke by more than half compared with aspirin, with no
significant rise in major bleeding, researchers said on Tuesday. The results boost prospects for apixaban...
Read articleBayer drug's safety comparable to standard care-study
2010-08-31 03:34:44
Keywords: Pharmaceuticals - Diversified,Chemicals,Germany,Western Europe,Europe,Biotechnology / Pharmaceuticals,France,United States,Sweden,Healthcare,Pharmaceuticals,Pharmaceuticals / Medical Research,Central/Eastern Europe,Company News item,Economic news, EC, bus
Quote: Bristol-Myers Squibb (BMY.N) and Pfizer (PFE.N) also
presented new data on their experimental apixaban in stroke
prevention at the Stockholm conference. Results of a second Xarelto study looking at Bayer's drug
when given to significantly older patients as a stroke preventer
will be presented at the American Heart Association annual
meeting in November.(Reporting by Ben Hirschler; Editing by Erica Billingham)......
Read articleUPDATE - US FDA releases latest list of safety issues
2010-08-30 07:22:00
Keywords: Pharmaceuticals - Diversified,Biotechnology / Pharmaceuticals,France,Western Europe,Europe,Switzerland,Emerging Market Countries,Indonesia,Pharmaceuticals - Generic / Specialty,Japan,United States,United Kingdom,Healthcare,Pharmaceuticals,Pharmaceuticals
Quote: Fri Aug 27, 2010 2:26pm EDT
* List cites drugs by Merck, Pfizer, Genentech, others * Agency in most cases says still evaluating drug(Adds details from drug list)WASHINGTON Aug 27 (Reuters) - The U.S. Food and Drug
Administration has released its latest list of possible drug
safety concerns, citing Roche's (ROG.VX) breast cancer drug
Herceptin and Sanofi Aventis' (SASY.PA) heart drug Multaq,
among others. The list, which comes out quarterly, covers safety issues
that the FDA flagged between Apri...
Read articleHow Does 3PAR Rank Among Takeover Battles? Not Very High
2010-08-30 07:21:59
Quote: The takeover got nasty when Pfizer made a $74.6 billion hostile bid the same day Warner-Lambert agreed to be bought by American Home Products, now known as Wyeth. Pfizer won with $112 billion including debt, and is the largest multiple-bid takeover since at least 1995, according to data provider Dealogic.
Others of note:
In January 1999, Vodafone nudged out Bell Atlantic Corp. to acquire Airtouch Communications for $61.5 billion; in March, Comcast beat out AT&T’s in a nearly $54 billi...
Read articleHeart expert says cost cuts may undermine drug R&D
2010-08-30 07:21:58
Keywords: Pharmaceuticals - Diversified,Biotechnology / Pharmaceuticals,Switzerland,Western Europe,Europe,Chemicals,Germany,United States,France,Pharmaceuticals - Generic / Specialty,United Kingdom,Health / Medicine,Sweden,Italy,Greece,Spain,Healthcare,Pharmaceutic
Quote: Much of the attention is expected to focus on two new
anti-clotting pills -- Xarelto and apixaban -- being developed
by Bayer (BAYGn.DE) and Johnson & Johnson (JNJ.N), and
Bristol-Myers Squibb (BMY.N) and Pfizer (PFE.N). Both are vying
for market share against Boehringer Ingelheim's Pradaxa, which
is nearer the market as a stroke preventer. [ID:nLDE67K03L] Medical experts will also get a first look at an
experimental blood thinner called elinogrel from Novartis and
Portola, that could be a c...
Read articleUPDATE - Protalix to dual list on Tel Aviv Stock Exchange
2010-08-30 07:21:56
Keywords: Israel,Middle East,Emerging Market Countries,New Issues,United States,Biotechnology / Pharmaceuticals,Health / Medicine,Biotechnology / Medical Research,Business/Public Services,Financials,Pharmaceuticals - Diversified,Asia/Pacific,Market Events,General N
Quote: Pfizer Inc (PFE.N) has acquired worlwide rights to
Protalix's experimental drug for Gaucher disease. If approved,
the drug would compete with Genzyme's (GENZ.O) top-selling
Gaucher treatment, Cerezyme. Protalix's drug has been accepted for review by the U.S.
Food and Drug Administration. Protalix is 19 percent held by Israeli company Biocell
(BCEL.TA).(Reporting by Tova Cohen; Editing by Dan Lalor)......
Read articlePfizer - Upgrades & Downgrades
2010-08-27 02:16:49
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Kevin Baker ,TheStreet Ratings
Quote: NEW YORK (TheStreet) -TheStreet Ratings' stock model upgraded Pfizer(PFE) to 'Buy' from 'Hold'. Net income at this $128 billion market cap, biopharmaceutical company rose by 9.5% to $2.5 billion in the second quarter when compared to the year earlier quarter.TheStreet Ratings released rating changes on 16 additional U.S. common stocks for August 25, 2010. In total, seven stocks were downgraded and 10 stocks have been upgraded by our stock model.Gross sales at Pfizer reached $17.3 billion in the ...
Read articleForbes Investigation: Why Big Pharma Ignores Suicide
2010-08-27 02:16:47
Quote: Nearly 35,000 people die a year from suicide, while another million people try to kill themselves. The vast majority have some sort of mental health problem.
Yet top drug companies such as Pfizer, GlaxoSmithkline and Eli Lilly routinely exclude high-risk suicidal patients from studies. Academic psychiatrists don’t study treatments for suicidal patients thanks to lack of funding and interest. University review boards are skittish about performing studies on high-risk patients thanks to...
Read articleRPT-UPDATE - FDA panel to vet Boehringer blood thinner Sept 20
2010-08-27 02:16:47
Keywords: Germany,Western Europe,Europe,Biotechnology / Pharmaceuticals,Health / Medicine,United States,Regulations / Standards,Pharmaceuticals - Diversified,Chemicals,Japan,Central/Eastern Europe,Eurozone countries,General News. International News Service (Reuters
Quote: [ID:nLDE67K03L] Bayer (BAYGn.DE) cooperates with J&J (JNJ.N) while BMS
teamed up with Pfizer (PFE.N) to win a piece of a future market
that analysts say has potential for $10-$20 billion in annual
combined sales. Daiichi Sankyo (4568.T) is developing another contender pill
called Edoxaban. The date for the FDA panel's meeting puts Boehringer firmly
on track to become the first to bring its product to the U.S.
market for the prevention of strokes in patients suffering from
atrial fibrillatio...
Read articlePfizer Failure Clears Way for Small Biotech ArQule
2010-08-25 01:07:52
Keywords: cancer,non small cell lung cancer,lung cancer,cancer treatment,cancer therapy,tarceva,sutent,biotech,big pharma,pfizer stock,arqule,,MARKETS,PFE,ARQL
Quote: Sometimes one company's pain is another's gain; in this case, Pfizer'sPFE) most recent setback (of many) could clear the path for a drug from a much smaller biotech.The Big Pharma announced Monday night that its cancer drug Sutent didn't show statistically significant improvement of overall survival in second- and third-line non-small cell lung cancer patients -- the primary goal of the late-stage study. While Sutent, which is already approved for advanced kidney cancer and gastrointestinal stro...
Read articleBiggest changes in NYSE short interest
2010-08-25 01:07:49
Keywords: Financials,United States,Derivatives,Equities Markets,Investing,Household products,Semiconductors / Semiconductor Equipment,Leisure Products,Semiconductors,Pharmaceuticals - Diversified,Biotechnology / Pharmaceuticals,Advanced medical equipment,Precious M
Quote: The five companies with the largest overall short positions are also
listed.
COMPANYAUG 13JULY 30NET CHANGEPCT CHANGE
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FIVE BIGGEST INCREASES:
Newell Rubbermaid Inc (NWL.N)46,387,23120,675,82025,711,411124.35
Advanced Micro Devices (AMD.N) 100,611,35082,238,50518,372,84522.34
Pfizer Inc (PFE.N)69,208,98353,622,66215,586,32129.07
Boston Scientific Corp (BSX.N)64,356,09150,009,10314,346,98828.69
Kinross Gold Corp (KGC.N)1...
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