Pfizer stops sale of cough syrup Corex after govt ban, stock falls03/15/2016 04:00Pfizer said it believed Corex had a "well-established efficacy and safety profile in India for more than 30 years", without elaborating.Phensedyl sales, which contribute significantly, are not accounted for in the listed entity Abbott India. Following the announcement, the company shares ended 9% down to Rs1,760 on the BSE...
Pfizer deal will lower company's global tax11/27/2015 04:01Two large drugmakers, U.S.-based Pfizer and Ireland's Allergan, joined forces Monday, creating the world's biggest drug manufacturer.The combined business, which will be named Pfizer, will be legally domiciled in Ireland, but will have its global operational headquarters in NY. It is expected to close in the second half of 2016...
Pfizer, Allergan to merge in 160-billion-dollar tax inversion deal11/26/2015 04:00"One business would focus on newer products, such as Pfizer's breast-cancer drug Ibrance and Allergan's blockbuster Botox, and have sales the companies project will grow in the double digits", said the newspaper.Allergan has agreed to merge with Pfizer in a $160bn deal that will create the world's largest pharmaceutical company...
Drugmakers Pfizer, Allergan to combine in $160 billion deal11/24/2015 04:01The $160-billion stock deal will push the combined companies, to be called Pfizer Plc and based in Ireland, past Switzerland's Novartis to the top of the drug industry, based on annual sales of about $60 billion.According to The NY Times, under the deal, "Pfizer would pay 11.3 of its shares for each share of Allergan"...