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Pfizer Bans Use of Its Drugs in Executions

This is a milestone in anti-capital punishment campaign

(Newser) - Drug giant Pfizer says that since it is in the business of "saving and improving" lives, it has taken steps to make sure its products are not used to execute people. "Pfizer strongly objects to the use of its products as lethal injections for capital punishment," the... More »

Feds' Crackdown on Tax Dodges Kills $160B Pfizer Merger

New Treasury rules on tax 'inversions' squashed deal with Allergan

(Newser) - Allergan and Pfizer are calling off a record $160 billion merger after the Treasury issued new rules to make tax "inversions" less lucrative, the AP reports. The aggressive changes to US tax laws announced this week helped kill the deal, handing what Reuters calls a "major victory" to... More »

Generic Viagra Is Coming to the US

It's expected to cut into Pfizer's $1.7B per year Viagra profits

(Newser) - Good news for frugal guys with erection troubles: America will soon be up to its eyeballs in generic Viagra. CBS News reports the FDA approved the first generic version of the impotence drug, known as sildenafil citrate, on Wednesday. Israel's Teva, the world's largest maker of generic drugs,... More »

Pfizer's Move a 'Disgrace': 2 Ways to Stop It

One involves shame, the other lucrative US contracts

(Newser) - Pfizer insists that its decision to leave the US for Ireland as part of a mega-merger is for the greater good, and will actually help the US in the long run. Others have a decidedly different view. The deal with Allergan "is nothing short of a disgrace," writes... More »

CEO: Pfizer Leaving US Is Good for ... US

Freed-up cash from tax savings could be reinvested back into US: Ian Read

(Newser) - It may seem antithetical that the largest US drugmaker taking off for Ireland would actually prove beneficial to the US, but that's exactly what the CEO of Pfizer is saying after Monday's announcement of its estimated $160 billion "inversion" deal with Allergan, creating the world's biggest... More »

Pfizer Leaving US in World's Biggest Drug Merger

It's combining with Allergan, based in Ireland, in $160B deal

(Newser) - The world is getting a new No. 1 drug company and the US is losing a giant: Pfizer and Allergan agreed to merge Monday in a deal worth an estimated $160 billion, reports Reuters . Pfizer makes blockbusters such as Viagra and Lipitor, while Allergan makes Botox. The deal will result... More »

There's $620B in Taxes the US Can't Get Its Hands On

Just 30 companies have offshore holdings totaling $1.4T

(Newser) - Apple has skipped out on paying close to $60 billion in taxes on $181 billion it holds offshore, according to a new study. But though the company holds the most profits offshore of any US company, it's hardly alone: At least 358 American companies hold $2.1 trillion in... More »

Newest Knights: 'Mad Prof,' 'Father of Viagra'

Pair of chemists, including scientist who 'laid the seed' for ED drug, honored

(Newser) - Move over, Walter White. Two chemists—one known as the "father of Viagra" and the other known as the "Mad Prof" of YouTube—have been knighted to kick off the new year, the BBC reports. Simon Campbell kick-started research on the erectile dysfunction drug during his 26-year tenure... More »

Coming Soon: $1 Birth Control Shot

Sayana Press is aimed at poor women in 69 countries

(Newser) - Sayana Press is a pre-packaged shot, costs a buck, lasts three months, and could revolutionize the way women in poor countries approach birth control, reports the BBC . A three-way deal between the Bill and Melinda Gates Foundation, Pfizer, and the Children's Investment Fund Foundation is looking to make Sayana... More »

New Viagra Ad Geared Toward the Ladies

Pfizer hopes commercial will get women talking about erectile dysfunction

(Newser) - At first glance, the new Viagra ad —featuring a comely, middle-aged blonde lounging on a bed with the ocean in the background—might appear to be strictly geared toward men. But Pfizer, the drug's manufacturer, specifically designed the commercial to target women, hoping that by showing a woman... More »

Pfizer Walks Away From AstraZeneca Takeover Bid

Drops offer to purchase drug company

(Newser) - Pfizer says it does not intend to make a takeover offer for British drugmaker AstraZeneca. Today's announcement comes a week after AstraZeneca's board rejected a proposed $119 billion buyout offer from Pfizer, the world's second-biggest drugmaker by revenue. Pfizer Chairman and CEO Ian Read says the company'... More »

'Groundbreaking' Drug Stalls Breast Cancer

Palbociclib appears to double time before disease worsens: study

(Newser) - A new breast cancer drug may help prevent the disease from getting worse, a study shows—and some experts are seeing major benefits ahead. Palbociclib almost doubled the time patients survived without seeing their disease progress, Reuters reports, noting that the women in the study had the most common form... More »

Gene Mutation Could Spawn Powerful Anti-Diabetes Drug

Rare mutation cuts risk by two-thirds

(Newser) - Genetic research has yielded what scientists believe could be an extremely powerful weapon in the fight against type 2 diabetes. A rare mutation has been found that slashes the risk of diabetes by around two-thirds, even in obese people, the New York Times reports. The mutation, which destroys a gene... More »

Experimental Drug Makes High Cholesterol Vanish

Three companies in mad dash in what could be a huge breakthrough: NY Times

(Newser) - Might high cholesterol one day be a thing of the past? A story in the New York Times about an experimental drug suggests as much. Three companies—Amgen, Pfizer and Sanofi—are racing to complete tests and gain approval for their own version. The drug mimics a rare genetic mutation... More »

Bashful? Now You Can Buy Viagra Online

Pfizer will even give you 30% off

(Newser) - Pfizer Inc., in a first for the drug industry, tells the AP that the drugmaker will begin selling its popular erectile dysfunction pill Viagra directly to patients on its website. Men still will need a prescription to buy the blue, diamond-shaped pill on, but they no longer have... More »

Top 10 Companies for 2013

Apple, of course, makes forecasters' list, along with Pfizer, Walmart

(Newser) - The prognosticators at 24/7 Wall Street are out with their annual predictions on which companies will be the most profitable in 2013. And, yes, Apple is expected to retain its No. 1 spot—by a wide margin. Here is the forecast with expected 2013 earnings, via MarketWatch .
  • No. 1: Apple,
... More »

Experts Target Lung Cancer With 'Tailor-Made' Drugs

Scientists look at DNA mutations in cancer tumors

(Newser) - Scientists are trying to help lung cancer sufferers by designing "personalized" drugs tailor-made to suit each DNA mutation of the disease, the New York Times reports. The first major study of squamous cell lung cancer—which kills more people annually than breast cancer or colon cancer—found that drugs... More »

Celebrex Fraud Docs Reveal Deception at Pfizer

Arthritis drug-maker was 'cherry-picking' data, says employee

(Newser) - A federal judge has unsealed documents in a long-running fraud case against Pfizer, maker of the arthritis drug Celebrex—and selected quotes are none too pretty. "They swallowed our story, hook, line and sinker," wrote a research director at Pfizer, which had said Celebrex was safer for the... More »

Now Kraft Quits 'Stand Your Ground' Supporter

Joins Coke, Pepsi in ditching conservative ALEC group

(Newser) - In January, it was Pepsi; earlier this week, it was Coke . Now Kraft is leaving the American Legislative Exchange Council, which supports laws like Florida's "stand your ground" rule. The food company won't be renewing its membership in the conservative group "for a number of reasons,... More »

If Faulty Pfizer Pills Result in Pregnancy, Can You Sue?

Yes, in most states: Slate

(Newser) - If you unintentionally get pregnant because you were on Pfizer's recalled birth control pills , can you sue? In most states, the answer is yes, writes Brian Palmer in Slate's Explainer column. That's because most US courts recognize the "unwanted conception" or "unwanted pregnancy" tort, which... More »

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