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U.S. stocks in broad rally after upbeat data
NEW YORK — Some buoyant data on consumer confidence and the manufacturing sector gave Wall Street a solid bump higher Thursday after Wednesday’s flat reopening following the Hurricane Sandy shutdown. The data trumped another mixed bag of earnings and dull forecasts for the coming months from companies like ExxonMobil and…
Pharma giant Pfizer fined for bribing officials in Eastern Europe and China
The US charged Pfizer and its subsidiary Wyeth on Tuesday with paying millions of dollars in bribes to build their business in Eastern Europe and China, and set hefty fines on the two to settle the charges. The Department of Justice and the Securities and Exchange Commission both said Pfizer subsidiaries…
Pfizer, Johnson drop tests for new Alzheimer drug
NEW YORK — Pfizer and Johnson & Johnson said Monday they had given up tests of a new therapy to treat Alzheimer’s disease, saying the treatment did not measure up to expectations. The final, phase 3 trial of the intravenous bapineuzumab therapy did not meet targets for effectiveness in aiding…
Pfizer recalls 1 million ineffective birth control pill packs
Pfizer announced a recall of approximately 1 million birth control pill packs in the United States and warned users of the recalled pills to start using back-up methods immediately to prevent pregnancy. The pills recalled are marketed under the name Lo/Ovral-28 and as generic Norgestrel/Ethinyl Estradiol as sold by Akrimax…
FDA approves pneumonia vaccine for adults
(Reuters) – U.S. health regulators approved the expansion of Pfizer Inc’s blockbuster Prevnar vaccine for use in adults 50 and older to fight pneumonia, meningitis and other diseases cause by pneumococcus bacteria. Prevnar 13 is designed to fight 13 forms of a bacterium called Streptococcus pneumoniae, or pneumococcus. Pneumonia caused…
Pfizer faces rash of lawsuits over ‘suicidal’ anti-smoking drug
WASHINGTON — Pharmaceutical giant Pfizer faces lawsuits from some 1,200 plaintiffs in the United States who claim the anti-smoking drug Chantix causes depression or suicidal thoughts, lawyers said Thursday. The drug, approved in almost 90 countries around the world and used by some seven million Americans, is particularly sought after…
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