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Pfizer Inc. - PFE STOCK NEWS

Welcome to our dedicated page for Pfizer news (Ticker: PFE), a resource for investors and traders seeking the latest updates and insights on Pfizer stock.

Pfizer Inc. (PFE), headquartered at The Spiral in Manhattan, New York City, is a leading American multinational pharmaceutical and biotechnology corporation established in 1849 by Charles Pfizer and his cousin Charles F. Erhart. Pfizer stands as one of the world's largest pharmaceutical companies, with annual sales nearing $50 billion, excluding COVID-19 product sales.

Pfizer's core business revolves around the development, manufacturing, and global distribution of prescription drugs and vaccines. Its top-selling products include the pneumococcal vaccine Prevnar 13, cancer drug Ibrance, and cardiovascular treatment Eliquis. These products contribute significantly to Pfizer's global sales, with nearly 50% of revenues coming from international markets, and emerging markets playing a crucial role.

In recent news, Pfizer continues to make strides in cancer treatment through its collaboration with Astellas and Merck. A key focus has been on the promising cancer therapeutic combinations involving PADCEV™ (enfortumab vedotin-ejfv) and KEYTRUDA® (pembrolizumab), targeting metastatic urothelial cancer. This collaboration underscores Pfizer's commitment to advancing cancer treatments and improving patient outcomes worldwide.

Financially, Pfizer remains robust, continually investing in research and development to innovate and expand its portfolio of treatments addressing unmet medical needs. Strategic partnerships and collaborations further enhance its position in the market, ensuring a steady pipeline of new and effective therapeutic solutions.

With a rich history and a steadfast commitment to healthcare innovation, Pfizer Inc. continues to be a significant player in the pharmaceutical industry, dedicated to improving global health through advanced medical research and groundbreaking therapies.

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Pfizer Inc. (NYSE: PFE) announced the appointment of David M. Denton as the new Chief Financial Officer (CFO) and Executive Vice President effective May 2, 2022. Denton, who has over 25 years of finance experience, will succeed Frank D’Amelio, who is leaving after 15 years. Denton previously served as CFO at Lowe's and CVS Health, where he played a crucial role in CVS’s acquisition of Aetna. CEO Albert Bourla expressed confidence in Denton's abilities to strengthen Pfizer's financial management and drive future growth.

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Pfizer (NYSE: PFE) has announced the acquisition of ReViral, a biopharmaceutical company focused on antiviral therapeutics for respiratory syncytial virus (RSV). The agreement, valued at up to $525 million, aims to enhance Pfizer's capabilities in addressing RSV, which affects millions and leads to approximately 160,000 deaths annually. ReViral's lead candidate, sisunatovir, shows promise in clinical trials and is expected to contribute significantly to Pfizer's pipeline. The transaction awaits regulatory approvals.

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Everest Medicines announced that its licensing partner, Pfizer (NYSE: PFE), has reported positive topline results from the ELEVATE UC 52 Phase 3 study of etrasimod, a novel treatment for moderately to severely active ulcerative colitis (UC). In this 52-week trial, 433 patients showed significant improvements in clinical remission at both 12 and 52 weeks compared to placebo. Etrasimod demonstrated a favorable safety profile. Pfizer plans to file for regulatory approval later this year, supported by these positive trial results.

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ViiV Healthcare has received FDA approval for Cabenuva (cabotegravir, rilpivirine), the first long-acting HIV treatment specifically for virologically suppressed adolescents. The regimen allows for treatment as infrequent as six times a year, offering a crucial alternative to daily oral therapy. This approval highlights ViiV's commitment to addressing unmet needs in adolescent HIV care. The regimen's efficacy is supported by adult data and an interim analysis of the MOCHA study. However, adverse reactions were reported in 61% of adolescent participants, with injection site pain being the most common.

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The FDA has expanded the emergency use authorization for Pfizer and BioNTech's COVID-19 vaccine, allowing a second booster dose for adults aged 50 and older who have had a first booster. This also includes individuals 12 years and older with certain immunocompromises. The additional dose is to be given at least four months after the first booster. Immunogenicity data show significant increases in antibody levels post-second booster, suggesting improved protection against COVID-19 variants, particularly for vulnerable populations. The same formulation as prior doses will be used.

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Pfizer announced positive results from the ELEVATE UC 52 trial, a Phase 3 study of etrasimod for ulcerative colitis. It met co-primary endpoints of clinical remission at weeks 12 and 52, alongside achieving all key secondary endpoints. The study involved 433 patients who had previously failed other therapies. Etrasimod showed a safety profile consistent with prior studies, and further results will justify future regulatory filings. Pfizer aims to initiate these filings later this year, positioning etrasimod as a potentially groundbreaking treatment option.

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ViiV Healthcare announces US FDA approval for an updated label for Cabenuva, allowing treatment initiation directly with injections, bypassing the optional oral lead-in phase. This change enhances the user experience for HIV patients, streamlining the process of starting the first and only complete long-acting HIV treatment regimen. The label update is based on clinical trial results showing comparable safety and efficacy for both initiation methods. Cabenuva is indicated for virologically suppressed adults, reinforcing ViiV's commitment to innovative HIV therapies.

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ViiV Healthcare announced the US FDA approval to update the label for Cabenuva, facilitating a streamlined initiation process for its long-acting HIV treatment. This update allows patients to start directly with injections, omitting the previously required oral lead-in regimen, after demonstrating comparable safety and efficacy between both initiation methods. Cabenuva, the only complete long-acting treatment for HIV-1, is approved for use in virologically suppressed adults. This approval is based on FLAIR trial results affirming effective treatment outcomes without the oral lead-in.

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Pfizer Inc. (NYSE:PFE) has received Breakthrough Therapy Designation from the FDA for its RSV vaccine candidate, RSVpreF, aimed at preventing lower respiratory tract disease in individuals aged 60 and older. This designation follows promising results from a Phase 2a study assessing the vaccine's safety and efficacy. The ongoing Phase 3 trial, RENOIR, continues to evaluate RSVpreF's effectiveness in older adults. Currently, there are no existing vaccine options for RSV in this demographic, highlighting a critical healthcare need.

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Pfizer (NYSE: PFE) announced positive topline results from its Phase 3 ELEVATE 12 study of etrasimod, an oral medication for ulcerative colitis (UC). The study met its primary endpoint with significant clinical remission at week 12 compared to placebo, alongside achieving all key secondary endpoints. The safety profile aligns with prior Phase 2 studies, suggesting etrasimod's potential as a breakthrough treatment for UC patients unresponsive to current therapies. Full results are set for publication, with further data from another study expected by the end of Q1.

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FAQ

What is the current stock price of Pfizer (PFE)?

The current stock price of Pfizer (PFE) is $26.72 as of January 10, 2025.

What is the market cap of Pfizer (PFE)?

The market cap of Pfizer (PFE) is approximately 151.4B.

What is Pfizer Inc. known for?

Pfizer Inc. is known for its development, manufacturing, and distribution of prescription drugs and vaccines, including Prevnar 13, Ibrance, and Eliquis.

Where is Pfizer's headquarters located?

Pfizer's headquarters are located at The Spiral in Manhattan, New York City.

How much does Pfizer make annually?

Pfizer's annual sales are close to $50 billion, excluding COVID-19 product sales.

What are some of Pfizer's top-selling products?

Some of Pfizer's top-selling products include the pneumococcal vaccine Prevnar 13, cancer drug Ibrance, and cardiovascular treatment Eliquis.

What is the significance of Pfizer's international sales?

Pfizer's international sales represent nearly 50% of its total sales, with emerging markets being a major contributor.

What recent collaborations has Pfizer been involved in?

Pfizer has recently been involved in collaborations with Astellas and Merck to develop and commercialize cancer treatments like PADCEV™ and KEYTRUDA®.

When was Pfizer founded?

Pfizer was founded in 1849 by Charles Pfizer and Charles F. Erhart.

What is Pfizer's approach to innovation?

Pfizer continually invests in research and development to innovate and expand its portfolio of treatments addressing unmet medical needs.

How does Pfizer contribute to cancer treatment?

Pfizer contributes to cancer treatment through its development of innovative therapies and strategic collaborations, notably involving PADCEV™ and KEYTRUDA®.

What role do strategic partnerships play for Pfizer?

Strategic partnerships enhance Pfizer's market position, ensuring a steady pipeline of new and effective therapeutic solutions.
Pfizer Inc.

NYSE:PFE

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PFE Stock Data

151.42B
5.66B
0.05%
67.79%
1.51%
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