Latest Pfizer Inc News

Pfizer expands N Carolina gene therapy plant, adds 300 jobs

Aug. 21, 2019 3:53 PM EDT

SANFORD, N.C. (AP) — Drug giant Pfizer is expanding its North Carolina manufacturing plant for gene-therapy medicines to treat rare diseases, adding about 300 jobs. The New York City-based company said Wednesday it plans to spend about $500 million to expand its plant in Sanford to improve production of...

Brand-name drug prices rising at slower pace, lower amounts

Aug. 19, 2019 4:42 PM EDT

TRENTON, N.J. (AP) — Drug companies are still raising prices for brand-name prescription medicines, just not as often or by as much as they used to, according to an Associated Press analysis. After years of frequent list price hikes, many drugmakers are showing some restraint, according to the analysis of...

Democratic hopefuls take aim at insurer and pharma profits

Aug. 11, 2019 7:42 AM EDT

WASHINGTON (AP) — Sen. Bernie Sanders and other progressives seeking the Democratic presidential nomination are zeroing in on pharmaceutical and insurer profits, money they say would be better spent providing health care for everyone under "Medicare for All." Their idea: Health care dollars from government...

Correction: Mylan-Pfizer story

Aug. 6, 2019 12:43 PM EDT

In a story July 29 about Pfizer and Mylan, The Associated Press erroneously described the drug Effexor. It is used to treat depression, not severe heartburn. A corrected version of the story is below: Pfizer, Mylan strengthen ties, create new company Pfizer, strengthening ties to Mylan, will pair its off-patent...

Tyson Foods, Allakos rise; Cars.com, ON Semiconductor fall

Aug. 5, 2019 4:29 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday: ON Semiconductor Corp., down $2.13 to $17.85. The semiconductor components maker gave investors a weak revenue forecast for the current quarter. Tyson Foods Inc., up $4.07 to $83.83. The meat producer beat Wall Street's fiscal...

103-year-old ex-chemist to be honored for work on penicillin

Aug. 3, 2019 10:28 AM EDT

COLUMBUS, Ohio (AP) — The story is family lore. In 1942, chemist Robert Walton, then in his late 20s, was drafted following the attacks on Pearl Harbor and boarded a bus in Rahway, New Jersey, for basic training at Fort Dix. His journey lasted only a few miles (kilometers) when FBI agents boarded the bus...

Maine governor praises federal plan for prescription drugs

Jul. 31, 2019 4:54 PM EDT

AUGUSTA, Maine (AP) — Maine is ready to take advantage of a Trump administration proposal that would allow Americans to legally and safely import lower-cost prescription drugs from Canada, Democratic Gov. Janet Mills said Wednesday. The plan reverses years of opposition from federal health authorities. It...

Asian shares fall as markets look to US Fed rate decision

Jul. 31, 2019 1:50 AM EDT

TOKYO (AP) — Asian shares were mostly lower Wednesday as investors looked cautiously ahead to a key policy update from the U.S. Federal Reserve later in the day. Japan's benchmark Nikkei 225 fell 1.0% to 21,490.57 in early trading. Australia's S&P/ASX 200 lost 0.3% to 6,823.70. South Korea's Kospi...

Merck's global sales jump 12% in second quarter

Jul. 30, 2019 4:11 PM EDT

Soaring sales of its cancer blockbuster and vaccines helped drive Merck's second-quarter profit up a whopping 54%, blowing past Wall Street expectations. The maker of cancer immunotherapy drug Keytruda and diabetes pill Januvia also benefited from slightly reduced spending on research and restructuring, even as...

Asian shares higher as China-US trade talks set to resume

Jul. 30, 2019 12:49 AM EDT

BANGKOK (AP) — Shares were mostly higher in Asia on Tuesday as envoys from the U.S. and China prepared to resume trade talks, this time in Shanghai. Japan's Nikkei 225 index climbed 0.3% to 21,687.22 after the Bank of Japan opted to keep its policy intact and leave its benchmark interest rate at minus...