News WrapGet Handpicked Stories from our editors directly to your mailbox


CCI approves GSK, Pfizer consumer healthcare JV formation

GSK, in December 2018, had said it has reached an agreement with Pfizer to combine their consumer health businesses into a new joint venture (JV) with combined sales of around USD 12.7 billion (around Rs 88,900 crore).

May 24, 2019, 14:45 PM IST

Pfizer to shut down two manufacturing units, may impact 1,700 workers

The plants had been part of its acquisition of US-based Hospira in 2015.

Jan 10, 2019, 15:07 PM IST

Pfizer to replace longtime CEO Read with veteran Bourla

Pfizer walked away from buying British drugmaker AstraZeneca in 2014 as the deal met with opposition from both countries over jobs and corporate tax maneuvers.

Oct 01, 2018, 23:42 PM IST

Pfizer withdraws Corex syrup, extends line to new products

Pfizer is planning to extend its Corex brand to a series of new products to treat respiratory ailments as part of a revamp of its product portfolio.

Nov 29, 2016, 13:23 PM IST

Share Bazaar : Pfizer decides to shut its cough syrup Corex

Pfizer decides to shut its cough syrup Corex, to launch other products in name of Corex.

Nov 29, 2016, 11:15 AM IST

Pfizer says acquiring biotech firm Medivation for $14 billion

Pfizer will purchase biotech firm Medivation, which specializes in cancer treatments, for some $14 billion, the US pharma giant said in a statement on Monday.

Aug 22, 2016, 17:41 PM IST

Obama''s inversion curbs kill Pfizer''s $160 bln Allergan deal

U.S. drug maker Pfizer Inc agreed on Tuesday to terminate its $160 billion agreement to acquire Botox maker Allergan Plc, in a major victory to U.S. President Barack Obama`s drive to stop tax-dodging corporate mergers.

Apr 06, 2016, 12:22 PM IST

FDCs banned over safety & efficacy concerns: Centre tells HC

The hearing in the matter would continue on April 4.  

Apr 01, 2016, 00:41 AM IST

Pfizer appoints S Sridhar as MD

"The Board of Directors of the company has appointed S Sridhar as the Managing Director of the company, with effect from March 18, 2016 for a period of five years," Pfizer Ltd said in a BSE filing.

Mar 18, 2016, 12:16 PM IST

Delhi HC stays ban on sale of P&G's Vicks Action 500 till March 21

The court granted the relief to P&G, after having given similar reliefs in the past two days to pharma major Pfizer's cough syrup 'Corex' and Abbott Healthcare and Macleods Pharmaceuticals whose certain combination medicines were banned by the Health Ministry.

Mar 16, 2016, 18:32 PM IST

After Pfizer, HC grants relief to Abbott and Macleods

Pharma majors Abbott Healthcare and Macleods Pharmaceuticals Tuesday got interim relief from the Delhi High Court which stayed till March 21 Government's decision banning sale of certain combination medicines of the two companies.

Mar 15, 2016, 21:45 PM IST

After Pfizer, HC grants relief to Abbott and Macleods

The Health Ministry, through a gazette notification, has banned over 300 fixed dose combination drugs, including cough syrups compositions, saying they involve "risk" to humans and safer alternatives were available.

Mar 15, 2016, 19:33 PM IST

Delhi HC stays ban on sale of cough syrup Corex

Pfizer has discontinued manufacture and sale of popular cough syrup Corex with immediate effect after the Health Ministry banned around 350 fixed dose combination drugs.

Mar 14, 2016, 19:12 PM IST

Pfizer stops sale of cough syrup Corex after govt ban, stock falls

Pharmaceutical major Pfizer has discontinued manufacture and sale of popular cough syrup Corex with immediate effect after the government banned fixed dose combination of Chlopheniramine Maleate+ Codeine Syrup.


Mar 14, 2016, 11:36 AM IST

Pfizer shares zoom nearly 9% on Allergen deal

Shares of Pfizer Ltd rose sharply by nearly 9 percent Tuesday after its parent Pfizer Inc's announcement to buy Botox manufacturer Allergan in a record USD 160 billion deal, a biggest buyout in the global healthcare sector.


Nov 24, 2015, 13:51 PM IST

Pfizer withdraws notice to close Thane plant

Drug firm Pfizer has withdrawn its notice to close its Thane plant as it has entered into an agreement to sell the facility as a going concern to Vidhi Research and Development LLP.

Sep 24, 2015, 18:57 PM IST

India rejects Pfizer's patent application for arthritis drug

India's patent office has again rejected US drug major Pfizer's new patent application for its rheumatoid arthritis medicine, tofacitinib, citing it did not enhance the efficacy of the existing approved drug.

Sep 07, 2015, 18:58 PM IST

Pfizer lifts forecast despite hit from strong dollar

Pfizer reported a dip in second-quarter profits Tuesday, but boosted its forecast due in part to higher revenues from cancer drugs and global vaccines.

Jul 28, 2015, 18:39 PM IST

Pfizer's June quarter net grows 43% to Rs 54 crore

Drug maker Pfizer on Saturday posted a 43.43 percent rise in its net profit at Rs 53.83 crore for the first quarter ended June.

Jul 25, 2015, 21:05 PM IST

Pfizer to close its Navi Mumbai plant

Drug firm Pfizer is planning to close its Navi Mumbai plant from September 16, 2015.

Jul 15, 2015, 14:44 PM IST