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Keyword: pfizer

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  • Pfizer Inversion Plan Puts Tax Code Under Microscope (Drug Giant to Move Legal Address to London)

    05/09/2014 6:53:38 AM PDT · by SeekAndFind · 9 replies
    Fox Business News ^ | 05/09/2014 | By Dunstan Prial
    The U.S. corporate tax code has come under far more scrutiny than Pfizer in the wake of the giant drug maker’s announcement last week that it hopes to avoid billions of dollars in federal taxes by moving its legal address to London. “The quotes we’ve seen from the politicians so far don’t in any way seem to be criticizing Pfizer. They’re laying the blame on the tax system that Pfizer has to work with,” said corporate tax expert Robert Willens. “Historically the company itself got blamed,” Willens added. “There’s been a shift in that dynamic. Now the system seems to...
  • Pfizer reports promising results for cancer drug

    04/06/2014 11:28:52 PM PDT · by Olog-hai · 14 replies
    Associated Press ^ | Apr 6, 2014 7:42 PM EDT | Christopher S. Rugaber
    An experimental drug has shown encouraging results in treating advanced breast cancer in an early clinical trial, pharmaceutical giant Pfizer reported Sunday. Pfizer, the world’s second largest drugmaker, said the drug prevented breast cancer from worsening for 20.2 months in a trial involving 165 patients. Current medications do so for 10.2 months. The drug, known as palbociclib, is among a new class of cancer drugs that target specific proteins to block tumors. …
  • Well-Kept Secret: New London, Conn. Mayor Has Apologized for Kelo Property Seizures

    03/15/2014 12:13:05 PM PDT · by SeekAndFind · 28 replies
    Newsbusters ^ | 03/01/2014 | Tom Blumer
    Daryl Justin Finizio, the recently elected Democratic Party Mayor of New London, Connecticut has apologized to the families and homeowners who lost their homes as a result of the city's decision to condemn properties in the Fort Trumbull area of that city. Those efforts began over a decade ago. A lawsuit by the victims which attempted to stop the city from taking their properties and destroying their homes ultimately led to the Supreme Court's Kelo vs. New London decision in 2005. The Court ruled in favor of the City based on what it believed was "a carefully considered development plan."...
  • Pfizer disputes suit claiming Zoloft doesn't work

    01/31/2013 6:11:39 PM PST · by neverdem · 18 replies
    Niami Herald ^ | 01.31.13 | LINDA A. JOHNSON
    AP BUSINESS WRITER TRENTON, N.J. -- The maker of Zoloft is being sued in an unusual case alleging the popular antidepressant has no more benefit than a dummy pill and that patients who took it should be reimbursed for their costs. --snip-- He said Pfizer produced two studies showing Zoloft worked better than placebo - the FDA's requirement for approval - but most Zoloft studies showed its effect was the same as a placebo. Dr. Michael Thase, who heads the mood and anxiety disorders program at the University of Pennsylvania's medical school, said research by others using the same unpublished...
  • Pfizer and J&J end testing of intravenous bapineuzumab Alzheimer’s treatment

    08/08/2012 10:33:52 PM PDT · by neverdem · 15 replies
    Washington ^ | August 6, 2012 | Associated Press
    NEW YORK — Pfizer Inc. and Johnson & Johnson said Monday they are ending development of an intravenous formulation of a drug to treat Alzheimer’s disease after the treatment failed in two late-stage clinical trials. The companies said bapineuzumab intravenous did not work better than placebo in two late-stage trials in patients who had mild to moderate Alzheimer’s disease. The drug is designed to prevent the buildup of plaque in the brain. J&J said it is not discontinuing development of the compound and noted it has ongoing studies including a mid-stage neuroimaging study with bapineuzumab delivered subcutaneously...
  • ObamaCare's Secret History: How a Pfizer CEO and Big Pharma colluded with the White House

    06/12/2012 5:54:08 PM PDT · by rhema · 7 replies
    On Friday House Republicans released more documents that expose the collusion between the health-care industry and the White House that produced ObamaCare, and what a story of crony capitalism it is. If the trove of emails proves anything, it's that the Tea Party isn't angry enough. Over the last year, the Energy and Commerce Committee has taken Nancy Pelosi's advice to see what's in the Affordable Care Act and how it passed. The White House refused to cooperate beyond printing out old press releases, but a dozen trade groups turned over thousands of emails and other files. A particular focus...
  • Sandra Fluke a Self-Described Professional Pro-Abortion Activist

    03/05/2012 3:14:36 PM PST · by NYer · 128 replies
    Life News ^ | March 5, 2012 | Ethika Politika
    LifeNews Note: Reprinted with permission from Ethika Politika, the blog of the Center for Morality in Public Life.Remember the Georgetown Law student, Sandra Fluke, who was forced to suffer through $3,000-worth of protected sex during her stint at law school? Turns out, thereÂ’s a bit more to the story.According to some sources, Fluke might just have been a well-placed fake. Not exactly the young-and-helpless female law student most took her for, FlukeÂ’s LinkedIn profile speaks for itself:With a six year hiatus between her undergraduate time and GT Law, Fluke is probably closer to 30. And sheÂ’s had plenty of involvement...
  • Peter Schweizer: Big Pharma’s Role in the Contraception Debate (Obama's cronies hand is behind this)

    03/02/2012 6:45:09 PM PST · by Bigtigermike · 13 replies
    Daily Beast ^ | Friday March 2, 2012 | Peter Schweizer
    Forget for a minute the religious question and look at who wins big here: Big Pharma. This mandate is not really about condoms or generic versions of “the pill,” which are available free or cheap in lots of places. This is about brand-name birth control drugs and other devices that some consumers swear off because they are too expensive. The Health and Human Services (HHS) mandate requires health-insurance companies provide contraceptive coverage for all “FDA approved contraceptive methods.” It does not insist on generics. And it does not offer any cost containment. What’s more, the mandate prevents health-insurance companies from...
  • Mitt Romney Had Ethics Problems as Governor?

    02/06/2012 8:14:10 PM PST · by Nachum · 9 replies
    MarkAmerica.com ^ | 2/6/12 | Mark
    This is the first I’ve heard of this, but if true, it’s troubling because it’s one more reason that experience in business really doesn’t translate to governance. Right Across the Atlantic is reporting that Romney went on a trip while governing Massachusetts, paid by Pfizer, the pharmaceutical giant, that ultimately looked like a sort of crony capitalism deal, but Romney side-stepped it by going on vacation so that his Lt. Governor would sign the bill, relieving him of any ethics investigation worries. In fact, the whole manner of the episode is troubling, and you should check out the article in...
  • Pfizer Wins Approval For Xalkori, Lung Cancer Drug

    08/29/2011 5:05:04 PM PDT · by khnyny · 37 replies
    Forbes ^ | August 29, 2011
    Pfizer announced that the Food and Drug Administration has approved Xalkori, generically known as crizotinib, a new medicine that can have a dramatic impact in a small minority of lung cancer patients. The drug will come with a high financial cost to society. Pfizer says it will cost $9,600 a month, or $115,000 for patients who take it for a year. In clinical trials, the average duration of treatment was between 22 and 32 weeks, but because the drug appears to extend patients lives, many may be on it for far longer than that. One study, presented at this year’s...
  • Obama Team Moves Fund-Raiser After Globe Inquiry (Obama campaign in bed with Big Pharma)

    07/14/2011 6:48:21 PM PDT · by kristinn · 17 replies
    The Boston Globe ^ | Thursday, July 14, 2011 | Glen Johnson
    President Obama’s campaign committee is moving a fund-raiser featuring Chicago Mayor Rahm Emanuel from the Pfizer world headquarters to another location in New York City after The Boston Globe inquired about the propriety of a major pharmaceutical company hosting an event that could benefit the administration regulating it. “This is a general fund-raising event for the campaign that has nothing to do with a specific company and the attendees will not be from any one company or sector,” Obama spokesman Ben LaBolt said this afternoon in a statement. A Pfizer spokesman did not address the change in locale but defended...
  • Pfizer suspends animal drug after arsenic found in chickens

    06/09/2011 11:02:20 AM PDT · by justlittleoleme · 11 replies
    FoodMagazine ^ | 9 June 2011 | Rita Mu
    Pharmaceutical company Pfizer has announced it will suspend the sale of an animal drug used by poultry producers in the US after traces of arsenic were found in treated chickens. The study found higher levels or arsenic, a known carcinogen, in the livers of chickens treated with Roxarsone than untreated chickens.
  • Smoking-pill suicides overlooked in missing reports

    05/27/2011 5:45:17 PM PDT · by Cardhu · 68 replies
    MSNBC ^ | May 27th 2011 | JoNel Aleccia
    Hundreds of reports of suicides, psychotic reactions and other serious problems tied to the popular stop-smoking drug Chantix were left out of a crucial government safety review because Pfizer Inc., the drug’s manufacturer, submitted years of data through “improper channels.” Some 150 suicides — more than doubling those previously known — were among 589 delayed reports of severe issues turned up in a new analysis by the non-profit Institute for Safe Medication Practices. “We’ve had a major breakdown in safety surveillance,” said Thomas J. Moore, the ISMP senior scientist who analyzed the data. The serious problems — including reports of...
  • Spider bite causes four hour erection

    03/08/2011 5:25:19 PM PST · by Red Badger · 158 replies
    Orange News UK ^ | 03-08-2011 | Staff
    Scientists believe a spider could lead to a breakthrough in sexual health after finding a single bite can cause a four hour erection. Researchers at the Medical College of Georgia believe the venom of the Brazilian wandering spider could lead to a new cure for erectile dysfunction. Dr Kenia Nunes, a physiologist at the college, said it works in a different way to Viagra, reports the Daily Mail, "This is good because we know that some patients don't respond to the conventional therapy. This could be an optional treatment for them," she said. Her study, published in the Journal of...
  • Supreme court rules for vaccine makers on lawsuits

    02/22/2011 10:17:55 AM PST · by jackspyder · 20 replies
    Reuters / Yahoo News ^ | Feb. 22, 2011 | James Vicini
    WASHINGTON (Reuters) – The Supreme Court ruled that federal law shields vaccine makers from product-liability lawsuits in state court seeking damages for a child's injuries or death from a vaccine's side effects. The high court on Tuesday ruled for Wyeth, which is now owned by Pfizer Inc, in a lawsuit brought by the parents of Hannah Bruesewitz, who suffered seizures as an infant after her third dose of a diphtheria-tetanus-pertussis (DTP) vaccine in 1992. Pfizer and other vaccine makers had argued that a Supreme Court ruling for the plaintiffs could open the door to a flood of lawsuits -- many...
  • Pfizer CEO Jeffrey Kindler Resigns Even Sooner Than We Predicted (Obamacare sellout)

    12/06/2010 9:14:15 AM PST · by jazusamo · 9 replies
    National Legal & Policy Center ^ | December 6, 2010 | Peter Flaherty
      Pfizer CEO Jeffrey Kindler has unexpectedly announced his resignation. NLPC recently filed a shareholder proposal with Pfizer critical of the company's deal with the White House to support ObamaCare. We foresaw Kindler's retirement in the resolution's supporting statement: If ObamaCare fails to control health care costs, as several studies now suggest, the government will seek savings through price controls. Shareholders ultimately will lose. Perhaps Kindler plans to retire before Pfizer is required to sell its products for less than the cost of production. We were more prescient than we realized.Kindler, who is only 55, cited the "extremely demanding"...
  • Kiddie Viagra may get Pfizer a patent extension

    07/28/2010 8:38:04 AM PDT · by Libloather · 20 replies
    NY Post ^ | 7/28/10 | PAUL THARP
    Kiddie Viagra may get Pfizer a patent extensionBy PAUL THARP Last Updated: 9:14 AM, July 28, 2010 Pfizer plans to sell a children's form of Viagra to treat a rare lung disorder as a humanitarian gesture -- in exchange for getting a six-month extension of its patent on the adult version. The Food and Drug Administration approached Pfizer about using its drug to treat a lung ailment that affects about 600 kids a year. Viagra, which modifies blood flows, could reduce unusually high blood pressure in a child's lungs, or pulmonary arterial hypertension. Symptoms include dizziness, chest pain and fatigue....
  • Pfizer Discloses $35 Mil in Payments To Doctors, Hospitals For Research And Promotion

    04/02/2010 12:59:03 PM PDT · by TennesseeGirl · 9 replies · 378+ views
    Medical News Today.com ^ | 04/02/10 | Henry J. Kaiser Family Foundation
    Pfizer, the largest drug maker in the world, disclosed 35 million in payments during the second half of 2009 to doctors who consulted or spoke on behalf of drugs and to the medical centers that tested them, The New York Times reports. This is Pfizer's first disclosure of this nature. "While other pharmaceutical companies have disclosed payments to doctors, Pfizer is the first to disclose payments for the clinical trials. The disclosure does not include payments outside the United States" (Wilson, 3/31). "The drugmaker made the disclosure as part of a government settlement after it pleaded guilty last year to...
  • Pfizer sabotaging Free Enterprise and the American Economy

    02/06/2010 12:04:38 PM PST · by lowtaxsmallgov · 2 replies · 264+ views
    Wall Street Journal ^ | FEBRUARY 5, 2010 | KIMBERLEY A. STRASSEL
    Mr. Kindler might take solace that he's not alone. Insurers, hospitals, utilities—many chose to accommodate a president whose health-care and climate agendas are now comatose. There's a lesson here for corporate America. Try standing up for the free markets and limited government that have always been the foundation of U.S. business. It might work out better.
  • Property Rights Are No Slam-Dunk

    12/03/2009 5:44:52 PM PST · by Kaslin · 11 replies · 1,013+ views
    Investors.com ^ | December 3, 209 | INVESTORS BUSINESS DAILY staff
    Eminent Domain: Four years after the Supreme Court told a Connecticut homeowner that no one's house is safe from developers, Brooklyn homeowners may lose their homes to a pro basketball team. On June 3, 2005, by a 5-4 margin, the U.S. Supreme Court effectively repealed the 5th Amendment to the U.S. Constitution, deciding that your constitutional right to be secure in your home didn't matter if your state or community decided your property could produce more revenue as a shopping mall or condominium development. Pfizer coveted Susette Kelo's working-class neighborhood for an office park and condominium complex. The city fathers...
  • Taken In Vain: New London's Folly

    11/26/2009 9:01:22 AM PST · by steve-b · 22 replies · 1,072+ views
    Hartford Courant ^ | 11/15/09 | Jeff Benedict
    With Pfizer Leaving, City Has Nothing But Weedy Acres To Show For Grandiose Development Scheme That Uprooted Homeowners And Razed A Neighborhood I'm often asked if I'd consider writing a novel. My answer is always no, truth is better than fiction ... and often harder to swallow. Consider the bitter pill that Pfizer Inc. slipped New London this week. Barely a decade after constructing a $300 million research and development headquarters in the city, the pharmaceutical giant announced it was shutting down the facility. Just like that, New London will lose 1,400 jobs and become home to a gigantic, vacant...
  • Liberal Fascism: Land Stolen in "Kelo" Case Still Not Used

    11/10/2009 8:59:29 AM PST · by EricTheRed_VocalMinority · 12 replies · 1,084+ views
    Vocal Minority ^ | 11/10/09 | EricTheRed_VocalMinority
    Stories like this just make me weep for my country. In September local Connecticut news station WTNH reported: Weeds, glass, bricks, pieces of pipe and shingle splinters have replaced the knot of aging homes at the site of the nation’s most notorious eminent domain project.There are a few signs of life: Feral cats glare at visitors from a miniature jungle of Queen Anne’s lace, thistle and goldenrod. Gulls swoop between the lot’s towering trees and the adjacent sewage treatment plant.But what of the promised building boom that was supposed to come wrapped and ribboned with up to 3,169 new jobs...
  • Pfizer abandons site of infamous Kelo eminent domain taking

    11/09/2009 11:10:07 AM PST · by theruleshavechanged · 162 replies · 7,575+ views
    Washington Examiner ^ | 11-09-09 | Timothy P. Carney
    The private homes New London, Conn., took through eminent domain from Suzette Kelo and others, are torn down now, but Pfizer has just announced that it closing up shop at the research facility that led to the condemnation. Leading drugmakers Pfizer and Wyeth have merged, and as a result, are trimming some jobs. That includes axing the 1,400 jobs at their sparkling new research & development facility in New London, and moving some across the river to Groton. To lure those jobs to New London a decade ago, the local government promised to demolish the older residential neighborhood adjacent to...
  • Pfizer aiming for 30,900 layoffs through 2012

    11/06/2009 9:55:18 PM PST · by MamaDearest · 5 replies · 850+ views
    BNet ^ | November 6, 2009 | Jim Edwards
    Pfizer (PFE) has laid off 26,300 employees since 2005, and hopes eventually to lay off a total of 30,900 through 2012, according to its 10-Q filing with the SEC. The company had several rounds of layoffs before its acquisition of Wyeth in an attempt to get $6 billion in annual savings out of its business model. The company has said it wants to ax about 19,500 jobs to make the Wyeth merger work. The new company will have about 130,000 workers. The layoffs are ongoing, Pfizer said: In the third quarter of 2009, we reduced our workforce by approximately 1,100...
  • Justice Department Announces Largest Health Care Fraud Settlement in Its History

    09/03/2009 5:15:20 PM PDT · by Born Conservative · 3 replies · 276+ views
    WASHINGTON – American pharmaceutical giant Pfizer Inc. and its subsidiary Pharmacia & Upjohn Company Inc. (hereinafter together "Pfizer") have agreed to pay $2.3 billion, the largest health care fraud settlement in the history of the Department of Justice, to resolve criminal and civil liability arising from the illegal promotion of certain pharmaceutical products, the Justice Department announced today. Pharmacia & Upjohn Company has agreed to plead guilty to a felony violation of the Food, Drug and Cosmetic Act for misbranding Bextra with the intent to defraud or mislead. Bextra is an anti-inflammatory drug that Pfizer pulled from the market in...
  • Pfizer to pay record $2.3B penalty(Zer0 punishing those who do not support Obamacare by bankruptcy?)

    09/02/2009 12:06:19 PM PDT · by bestintxas · 45 replies · 1,357+ views
    Yahoo ^ | 9/2/09 | Devlin Barrett
    Pfizer Inc., the world's largest drug maker, will pay a record $2.3 billion civil and criminal penalty over unlawful prescription drug promotions. Announcing the settlement Wednesday, the Justice Department said that it included the largest criminal fine in U.S. history -- $1.2 billion. The agreement also included a criminal forfeiture of $105 million. Authorities called Pfizer a repeat offender, noting it is the fourth such settlement of government charges in the last decade. They said the government will monitor the company's conduct for the next five years to rein in the abuses. To promote the drugs, authorities said Pfizer invited...
  • Obama pressures companies to withdraw advertising from FOXnews: Boycott these wimps!

    08/10/2009 6:30:54 PM PDT · by TaxRelief · 84 replies · 2,763+ views
    email from obamaland | 8/09/09 | fertik
    According to Democrats.com, Obama has pressured these companies into pulling their ads from FOXnews. Let's boycott these wimps and let them see that losing the mainstream dollar hurts more than losing the radical left dollar: Campbell Soup Chrysler General Motors Kellogg Kraft Foods Lawyers.com Nestle Pfizer Proctor & Gamble Progressive Insurance
  • Report: Pfizer, Wyeth agree to deal ($68B)

    01/25/2009 11:10:34 PM PST · by STARWISE · 5 replies · 672+ views
    UPI ^ | 1-26-09
    The board of Pfizer Inc. (NYSE:PFE) has agreed to terms of a deal to take over Wyeth for $68 billion, The New York Times (NYSE:NYT) reported Monday. Pfizer, the largest pharmaceutical company in the world, would acquire Wyeth for a combination of $26 billion in cash as well as loans and stock, the newspaper said, citing people involved in the negotiations. The report said five banks have agreed to lend Pfizer $22.5 billion to finance the deal, making it the first major merger in months that has drawn the support of Wall Street. The acquisition is expected to be announced...
  • Reported talks to buy Wyeth could transform Pfizer

    01/23/2009 3:15:57 PM PST · by Dysart · 5 replies · 292+ views
    AP ^ | 1-23-09 | LINDA A. JOHNSON and MARLEY SEAMAN
    NEW YORK (AP) — Pfizer Inc., the world's largest drugmaker, may be seeking to buy rival Wyeth in a deal that could be valued at more than $60 billion, the biggest in recent memory.The Wall Street Journal reported Friday that the companies have been in talks for months, although the report said any deal is not near completion and the state of the global markets could undo any plans.Such a deal could cheer investors and analysts who have been pushing Pfizer — struggling with flat revenue, diminishing returns on research and looming generic competition to the world's top-selling drug —...
  • Pfizer will lay off up to 800 scientists, cut research staff

    01/19/2009 5:08:50 PM PST · by MovementConservative · 26 replies · 1,368+ views
    STLtoday.com ^ | 01/13/2009 | AP
    TRENTON, N.J. -- Pfizer Inc., the world’s biggest drug company, is laying off up to 800 scientists this year in its latest effort to refocus disappointing research efforts and cut its massive overhead ahead of an anticipated crash in revenue. New York-based Pfizer plans to reduce its global research staff — currently about 10,000 people — by 5 percent to 8 percent this year, company spokeswoman Kristen Neese said Tuesday.--snip--The move comes after the company announced in September that it was narrowing its research focus to six disease areas — Alzheimer’s, cancer, schizophrenia, pain, inflammation and diabetes — and abandoning...
  • Pfizer blocks tracking of Mary McLeod's helicopter trips!

    07/20/2008 2:08:28 PM PDT · by xDGx · 11 replies · 535+ views
    Pharma Law Blog ^ | Friday, July 18, 2008 | Peter Rost, M.D.
    So people at Pfizer are pretty upset about what's going on with their Sr VP HR and her frequent helicopter trips to her cozy cottage in Maryland. And since I dug up some information about Pfizer's infamous party jet back in 2006, I figured I'd use this data to find out how often Mary had been hopping back and forth between her private home and Pfizer's offices on Manhattan Here they are the N numbers for Pfizer's airplanes (see FAA to verify this info.): (more)
  • Pfizer to invest in adult stem-cell treatment for eyes

    06/27/2008 9:01:08 PM PDT · by Coleus · 4 replies · 260+ views
    cna ^ | 06.25.08
    The pharmaceutical giant Pfizer has announced that it is funding a new adult stem-cell treatment that could treat diabetes-induced retinal damage, a leading cause of blindness. Forbes Magazine says that Pfizer is funding the creation of a San Diego biotech company named EyeCyte to develop stem-cell treatments for eye diseases. The company will base its work upon Scripps Research Institute ophthalmologist Martin Friedlander’s research involving stem-cells from blood and bone marrow. EyeCyte will receive about $3 million from Pfizer, which in return has the right of first refusal regarding the new company’s products. In animal experiments, adult stem-cells have shown...
  • Drug industry contributing more to Democrats

    05/22/2008 3:47:58 AM PDT · by decimon · 8 replies · 125+ views
    Associated Press ^ | May 22, 2008 | KEVIN FREKING
    WASHINGTON - In a sharp reversal, drug and medical device companies are giving more money to Democrats than Republicans this election season, one more sign of the campaign difficulties the GOP could face this November. Over the past six elections, such businesses typically spent twice as much on GOP candidates; in 2002, the ratio got as high as 3-to-1. Democrats now are holding the edge with $7.4 million in campaign contributions compared with $7 million for GOP candidates, according to the Center for Responsive Politics, which tracks political spending. "Money follows the power," said Massie Ritsch, the center's communications director....
  • Pfizer Pulls Lipitor Ads With Heart Expert Jarvik

    02/25/2008 9:54:59 PM PST · by Sleeping Freeper · 14 replies · 148+ views
    abcnews.com ^ | 2/25/08 | ABC/Reuters
    NEW YORK (Reuters) - Pfizer Inc said Monday it was voluntarily withdrawing advertising for its Lipitor cholesterol drug featuring Dr. Robert Jarvik, inventor of the Jarvik artificial heart, because its ads led to "misimpressions." ads involving Jarvik had come under scrutiny, including from a House Committee as part of an investigation into celebrity endorsements of prescription medicines. Democratic lawmakers had voiced concern that Jarvik's qualifications were misrepresented in widely seen television commercials touting the blockbuster drug. They said he seemed to be dispensing medical advice even though he is not a practicing physician. On his Web site, Jarvik describes himself...
  • Pfizer: Mulls Outsourcing 30% Of Manufacturing; Much To Asia

    12/01/2007 6:37:08 PM PST · by BGHater · 22 replies · 215+ views
    Dow Jones Newswires ^ | 30 Nov 2007 | Ellen Sheng
    <p>HONG KONG -(Dow Jones)- Pharmaceutical giant Pfizer Inc. (PFE) said Friday it is looking to outsource as much as 30% of its manufacturing, much of it to Asia.</p> <p>Pfizer, based in New York City, now outsources about 15% of its manufacturing capabilities. The company aims to double that figure, as part of cost-cutting measures, it said at an investor presentation in Hong Kong, which was broadcast over the Internet.</p>
  • Cherry Garcia and the End of Socialized Medicine

    10/10/2007 12:07:30 PM PDT · by 2ndDivisionVet · 42 replies · 2,001+ views
    City Journal ^ | Autumn 2007 | Peter W. Huber
    On June 19, 1987, Ben & Jerry’s introduced Cherry Garcia, in honor of the man who played lead guitar for the Grateful Dead. The Food and Drug Administration struck back three months later, when it approved the first of a new family of statin drugs that curb cholesterol production in the human liver. A synthetic statin licensed a decade later would become the most lucrative drug in history. At its peak, Lipitor was streaming $14 billion a year into Pfizer’s coffers. Let’s not blame the victim: we don’t choose Cherry Garcia; it chooses us. Lipitor is a lifesaver for 600,000...
  • Nigeria files new suit against Pfizer

    06/05/2007 8:29:13 AM PDT · by Zakeet · 8 replies · 475+ views
    Associated Press ^ | June 4, 2007 | Bashir Adigun
    The Nigerian government filed a lawsuit Monday against Pfizer Inc., asking for $7 billion in damages over allegations the pharmaceutical company conducted a drug experiment that led to deaths and disabilities among children more than a decade ago, court papers showed. The civil case filed in the capital, Abuja, is separate from a legal challenge launched in the northern state of Kano that seeks $2 billion from Pfizer, although all the cases stem from the same mid-1990s drug study. Pfizer has denied the charges in the Kano case, which are substantively similar to those in the Abuja-based suit. In the...
  • UK: New quit [smoking] pill will be on NHS

    05/31/2007 1:48:49 AM PDT · by Stoat · 9 replies · 1,485+ views
    The Sun (U.K.) ^ | May 31, 2007 | MICHAEL LEA
    <p>The wonder drug could be prescribed in time for the nationwide smoking ban from July 1.</p> <p>Champix — developed by Pfizer which makes anti-impotence drug Viagra — blocks cravings, lessens withdrawal symptoms and even reduces the pleasure from ciggies.</p> <p>In trials nearly half of smokers — 44 per cent — kicked the habit after a 12-week course as opposed to 30 per cent using other NHS anti-smoking medication.</p>
  • Wanted: A Pill to Cure Liberalism

    02/18/2007 6:42:25 AM PST · by captjanaway · 33 replies · 1,081+ views
    New Media Journal ^ | 2/17/07 | Paul R. Hollrah
    For most of my adult life I have entertained the fantasy that one day I would hear liberals and Democrats, in large numbers, saying, “You know, you were right. The only way to climb the economic ladder in America is through education, hard work, and determination. I thought that, if we could just take some of the money that the rich and the middle class have and give it to the poor, everyone would be happy. “I thought that, because of more than two centuries of horrific abuse of African Americans – by Democrats and our KKK allies – we...
  • AIDS group to sue Pfizer over Viagra ads

    01/22/2007 8:24:53 AM PST · by Risha · 87 replies · 1,685+ views
    http://today.reuters.com/ ^ | Mon Jan 22, 2007 | By Lisa Richwine
    AIDS group to sue Pfizer over Viagra ads Mon Jan 22, 2007 10:02 AM ET By Lisa Richwine WASHINGTON (Reuters) - A major U.S. AIDS treatment group plans to file a lawsuit on Monday that accuses drug giant Pfizer Inc. of illegally promoting recreational use of its blockbuster impotence pill Viagra. The AIDS Healthcare Foundation (AHF) told Reuters it wants Pfizer to be barred from marketing Viagra as a lifestyle or sexual enhancement drug. The nonprofit organization said Pfizer's actions had led to risky behavior by men and an increase in HIV and other sexually transmitted diseases. "Pfizer has created...
  • Plum Puddings

    12/26/2006 8:35:03 PM PST · by B-Chan · 10 replies · 521+ views
    kunstler.com ^ | 2006.12.25 | James Kunstler
    The latest staggering atrocity from the cloaca of business-and-finance as reported by AP at the end of last week: Pfizer Inc.'s former chief executive, Henry A. McKinnell, who was forced into early retirement in part because of investor anger about his rich retirement benefits, will get a retirement package totaling more than $180 million, a new regulatory filing shows. McKinnell's package, which the company disclosed in a filing with the Securities and Exchange Commission on Thursday, included an estimated $82.3 million in pension benefits, $77.9 million in deferred compensation and cash and stock totaling more than $20.7 million. In other...
  • Pfizer Ends Studies on Drug for Treating Heart Disease

    12/03/2006 12:46:25 AM PST · by neverdem · 4 replies · 588+ views
    NY Times ^ | December 3, 2006 | ALEX BERENSON
    Pfizer announced last night that it had discontinued research on its most important experimental drug, a treatment for heart disease. The decision is a stunning development that is likely to seriously damage the company’s prospects through the next decades. Preliminary research found that the drug, torcetrapib, appeared to be linked with deaths and heart problems in the patients who were taking it. For people with heart disease, Pfizer’s decision to stop the trial represents the failure of a drug that many cardiologists had viewed as a potentially major advance in efforts to reduce heart attacks and strokes. Torcetrapib is designed...
  • A New Drug For Advanced Kidney Cancer—But Does It Work?

    10/22/2006 9:42:03 PM PDT · by Coleus · 6 replies · 439+ views
    Cancer Decisions ^ | 09.24.06 | Ralph Moss, Ph.D.
    On July 27, 2006, the European Union (EU) followed America's lead and gave conditional approve to Pfizer's new drug Sutent (sunitinib, formerly known as SU11248) as a treatment for advanced kidney cancer. The drug is also being used as a treatment for a rare type of cancer known as gastrointestinal stromal tumor (GIST).But how effective is it?Sutent is one of the latest crop of 'targeted' therapies for various kinds of cancer. It is given as a 50 milligram (mg) pill once per day. Technically speaking, it contains small-molecule inhibitors of the tyrosine kinase portion of the VEGF and PDGF receptors. ...
  • BYU accuses Pfizer of swiping profits, credit for Celebrex

    10/18/2006 2:39:03 PM PDT · by TChris · 4 replies · 507+ views
    Salt Lake Tribune ^ | 10/18/2006 | Pamela Manson and Linda Fantin
    Brigham Young University has accused pharmaceutical giant Pfizer of cheating the school out of profits and credit for the development of Celebrex, a blockbuster anti-inflammatory drug that has earned the company billions of dollars. The lawsuit was filed Wednesday in U.S. District Court in Salt Lake City against Pfizer and several of its predecessor companies after years of unsuccessful negotiations, BYU said. The suit seeks unspecified actual and punitive damages, but notes Celebrex sales have exceeded $20 billion. It also seeks corrections in 75 patents in order to credit Professor Daniel L. Simmons for his discoveries. The suit alleges Simmons...
  • Study confirms suicide rates dropping

    09/29/2006 12:26:18 AM PDT · by neverdem · 26 replies · 749+ views
    Scientific American ^ | September 28, 2006 | Maggie Fox
    Health and Science Correspondent WASHINGTON (Reuters) - Suicide rates among the youngest and oldest Americans have steadily declined since the late 1980s, U.S. researchers reported on Thursday in a finding that contradicts popular conceptions that rates were rising. The study suggests that new antidepressant drugs may not raise the risk of suicide after all, the researchers said, but they acknowledge they are mystified by what might be causing the decline, because it is not affecting people aged 25 to 64. "For 40 years adolescent suicide rates rose," said Dr. Robert McKeown, a professor at the University of South Carolina's school...
  • The Lawyer Is In at Pfizer

    08/03/2006 7:38:40 PM PDT · by grey_whiskers · 3 replies · 295+ views
    Business Week Online via Yahoo.com ^ | 08-03-2006 | Arlene Weintraub
    In the race to replace Henry A. McKinnell Jr., the embattled CEO of drug giant Pfizer, Jeffrey B. Kindler was the dark horse. Named as McKinnell's successor on July 28, he had no pharmaceutical experience prior to joining Pfizer (PFE) four years ago as general counsel. But for months, the drug industry has been racked with legal, regulatory, and public-relations challenges, with Pfizer right in the thick of it. Against that backdrop, the 51-year-old Kindler—an accomplished lawyer and veteran of McDonalds Corp. (MCD) and General Electric (GE)—brings much to the table.
  • Heart Pill to Be Sold by Itself (New drug to increase HDL, Pfizer had wanted to sell with Lipitor)

    07/26/2006 2:25:15 PM PDT · by neverdem · 16 replies · 832+ views
    NY Times' Terrorist Tip Sheet ^ | July 26, 2006 | ALEX BERENSON
    Reversing a strategy that had drawn criticism from doctors, Pfizer says that it will apply for approval to sell a promising new heart treatment as a standalone pill — rather than only in combination with Lipitor, Pfizer’s best-selling cholesterol treatment. The new drug, torcetrapib, is still being tested in clinical trials and is at least 18 months from federal approval. But cardiologists say it has the potential to become a significant new treatment for heart disease. Clinical trials show that torcetrapib substantially raises the levels of so-called good cholesterol, a novel approach to preventing heart attacks and strokes. Wall Street...
  • THE END OF RETIREMENT (Top 10 Companies with Pension Deficits)

    06/22/2006 10:26:20 PM PDT · by 11th_VA · 55 replies · 3,641+ views
    Motley Fool ^ | June 22, 2006 | By Robert Brokamp (TMF Bro)
    Tired of reading about America's retirement woes? Then I have an alternative for you: Watch a TV show about them. Heck, you don't even have to move to your TV -- you can watch it on your computer, from the comfort of your own desk chair. The particular program I'm talking about is an episode of the PBS series Frontline titled "Can You Afford to Retire?" Of course, since you've clicked on this article, you can't be too tired of reading about all of the impending retirement woes out there, so let me sum up the program's main points and...
  • FDA OKs Pfizer Anti-Smoking Pill

    05/11/2006 9:10:03 AM PDT · by LouAvul · 6 replies · 368+ views
    ap/yahoo ^ | 5/11/6 | andy bridges
    WASHINGTON - A Pfizer drug shown to help more than one in five smokers quit the habit received federal approval on Thursday, adding another option to the limited pool of effective stop-smoking prescription medicines. Varenicline is only the second nicotine-free smoking cessation drug to gain Food and Drug Administration approval. Pfizer Inc. plans to market the twice-daily tablet as Chantix. "It's a welcome new addition. It's like with cancer or heart disease or high blood pressure or diabetes: the more effective treatments you have, the better off patients are," said Dr. Steven Schroeder, a professor of medicine at the University...
  • Pfizer fights fake Viagra with RFID

    01/06/2006 7:25:57 PM PST · by nickcarraway · 16 replies · 721+ views
    C|Net ^ | Fri Jan 06 | Alorie Gilbert
    Viagra may help many couples heat up the bedroom, but it has also helped fuel a huge counterfeit market. Pfizer, the maker of the world-famous love drug, is now fighting back with technology. The company began on Dec. 15 to affix electronic identification devices known as RFID tags to all U.S. shipments of Viagra in an effort detect counterfeit pills, 5 million of which were seized by authorities last year. RFID stands for radio frequency identification and is an emerging security and inventory control technology. The move, which Pfizer claims is a first, was expected. The company made its plans...