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.
ViiV Healthcare, majority-owned by GSK and partnered with Pfizer, has received approval from the European Commission to update product guidelines for Vocabria and Rekambys. This allows HIV patients the option to start treatment directly with injections, bypassing the oral lead-in phase. The change aims to simplify the treatment initiation process, as both methods have shown similar efficacy and safety. This decision is based on positive phase III clinical trial results that support the new regimen.
ViiV Healthcare announced positive interim results from the CARISEL study evaluating a long-acting HIV treatment regimen of Vocabria (cabotegravir) and Rekambys (rilpivirine). Conducted during the COVID-19 pandemic, the study showed 97% of participants found the bi-monthly injection visits acceptable. Healthcare teams across five European countries largely agreed on the regimen's feasibility, with mean scores of 4.6 for acceptability. Additionally, implementation concerns among healthcare teams decreased significantly over time, indicating strong potential for this innovative treatment in diverse settings.
Pfizer and BioNTech announced FDA's Vaccines Advisory Committee voted 17-0, with 1 abstention, to recommend Emergency Use Authorization (EUA) for their COVID-19 vaccine for children aged 5 to <12 years. This vaccine demonstrated a 90.7% efficacy rate in clinical trials conducted during the Delta variant surge, using a 10-µg dosage. If authorized, this will be the first COVID-19 vaccine approved for this age group in the U.S. The companies anticipate starting vaccine distribution immediately upon authorization, ensuring free access for eligible children.
The Next Practices Group has appointed Ray Kerins as the new CEO of The Next Security Group (NextSec) starting November 1, enhancing its focus on public affairs and security, including cybersecurity and physical protection.
Kerins, who previously served in senior roles at Bayer, Pfizer (NYSE: PFE), and Merck (NYSE: MRK), aims to bolster the company’s offerings to protect and promote client reputations.
Pfizer and BioNTech have announced the first results from a Phase 3 trial for a COVID-19 vaccine booster, revealing a relative efficacy of 95.6% against disease during Delta's prevalence. The trial included over 10,000 participants aged 16 and older, showing the booster restored vaccine protection to levels seen after the initial two doses and had a favorable safety profile. The companies plan to submit these results to regulatory agencies for licensure in the U.S. and globally.
Pfizer (NYSE:PFE) announced that the CDC's Advisory Committee on Immunization Practices (ACIP) has recommended the use of PREVNAR 20 for adults age 65 and older and those aged 19 to 64 with certain risk factors. This marks the first time a pneumococcal conjugate vaccine has been routinely recommended for younger adults with specific health conditions. The simplified one-dose recommendation aims to improve immunization rates and public health outcomes. PREVNAR 20 targets 20 serotypes of pneumococcus, which are responsible for significant disease burden in the U.S., leading to over 180,000 hospital admissions annually.
ViiV Healthcare launched a report in collaboration with Economist Impact, outlining actions to eliminate health disparities related to HIV, STIs, mental health, and COVID-19 in the US and UK over the next 20 years. The study highlights that current healthcare inequities are both avoidable and costly, urging stakeholders to adopt a cohesive approach towards health equity. Key recommendations include restructuring healthcare systems for prevention, reimagining investments, enhancing collaboration, and better targeting of interventions aimed at vulnerable populations.
Pfizer Inc. (NYSE: PFE) announces that the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) has issued positive recommendations for abrocitinib, a JAK1 inhibitor, for treating moderate to severe atopic dermatitis in adults. Another recommendation supports the approval of XELJANZ® (tofacitinib) for adults with active ankylosing spondylitis. If approved by the European Commission, both medications could provide new treatment options for patients with limited alternatives.
Pfizer Inc. (NYSE: PFE) announced the Japanese Ministry of Health's approval of CIBINQO® (abrocitinib), a JAK1 inhibitor, for treating moderate to severe atopic dermatitis in patients aged 12 and older. CIBINQO will be available in Japan at 100mg and 200mg doses. This approval is based on data from over 1,500 patients in Phase 3 studies. Pfizer aims to ensure widespread accessibility of CIBINQO in Japan, with regulatory applications submitted globally, including the US and EU. This marks a significant step in addressing treatment gaps for atopic dermatitis.
Pfizer Inc. (NYSE:PFE) announced positive top-line results from a Phase 3 study (B7471004) of PREVNAR 20™, a 20-valent pneumococcal vaccine, in adults aged 65 and older. The study demonstrated noninferior immune responses when PREVNAR 20 was administered alongside the seasonal influenza vaccine, Fluad, compared to separate administration. The safety profiles were comparable in both scenarios. The trial, involving 1,796 participants, supports CDC guidance on coadministration, aiming to improve vaccination rates against respiratory diseases.