November 11, 2008

UK Government Warns Of Adverse Reaction To Pfizer Antismoking Drug

Source: CNN Money

The U.K. government's regulatory agency for pharmaceuticals has warned "depression and suicide-related events" have been reported in patients using Pfizer Inc.'s (PFE) smoking-cessation aid Varenicline.

November 6, 2008

Pfizer Halts Obesity Drug on Risk of U.S. Rejection

Source: Bloomberg

Pfizer Inc., the world's largest drugmaker, said it will quit testing an obesity drug similar to ones junked by other companies because winning U.S. approval would be too slow, expensive and risky.

November 6, 2008

Big business prepares for a less friendly Washington

Source: Miami Herald

After years of playing offense, big business is getting ready for the less familiar role of playing defense following President-elect Barack Obama's victory and legislative gains by other Democrats.

Corporate America enjoyed...

November 5, 2008

Glaxo Joins Merck, Pfizer, Wyeth Chopping Sales Jobs

Source: Bloomberg.com

GlaxoSmithKline Plc, Europe's largest drugmaker, joined the list of pharmaceutical companies cutting sales positions in the U.S.

Glaxo will end 1,000 of those jobs by year-end, said Claire Brough, a company spokeswoman, in a...

November 1, 2008

Drugmakers seek lawsuit limits at top US court

Source: Reuters

The U.S. Supreme Court hears arguments on Monday in a closely watched case that could limit liability claims against drugmakers if one of their medicines causes harm.

October 17, 2008

Pfizer to Settle Celebrex and Bextra Suits

Source: The Wall Street Journal

Pfizer Inc. has agreed in principle to pay $894 million to settle litigation related to its painkillers Celebrex and Bextra. The bulk of the settlement, $745 million, will resolve 90% of the known personal injury suits that...

October 8, 2008

E-mails Suggest Pfizer Tried To Suppress Study On Drug Suits Say Company Misled On Neurontin

Source: The Boston Globe
Liz Kowalczyk Globe Staff

Top drug company marketing executives suppressed a large European study suggesting their blockbuster medication Neurontin was ineffective for chronic nerve pain, and they privately strategized about how to silence a British...

June 23, 2008

SEC Announces $26 Million Fair Fund Distribution in Banc of America Securities LLC Settlement

Source: Securities and Exchange Commission

Washington, D.C., June 23, 2008 — The Securities and Exchange Commission today announced the distribution of approximately $26.6 million to more than 250 investors in the Banc of America Securities LLC (BAS) settlement. In March...

June 23, 2008

Pfizer to Pay $975,000 for Alleged Clean Air Violations at Connecticut Facility

Source: Justice Department

WASHINGTON—The pharmaceutical company Pfizer Inc. has agreed to pay a $975,000 civil penalty to resolve alleged violations of the Clean Air Act at its former manufacturing plant in Groton, Conn., the Justice Department and...

May 15, 2008

As Part of New Transparency Initiative Pfizer Releases List of Grants and Charitable Contributions Made in the First Quarter of 2008

Source: Pfizer

Grants of Almost $10 Million Made to 242 U.S. Medical, Scientific and Patient Organizations