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Strong Sales and Healthcare Reforms Benefit Earnings - Research Report on Gilead, Pfizer, Merck, AbbVie, and LifePoint
Date:7/31/2013

search Report

On July 25, 2013, Pfizer Inc. (Pfizer) expressed disappointment after the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) re-confirmed its April 25, 2013, decision to recommend against approval of XELJANZ (tofacitinib citrate) for the treatment of adult patients with moderate-to-severe active rheumatoid arthritis (RA). Pfizer stated that after a re-examination of the application as requested by the Company, the CHMP is of the opinion that XELJANZ does not demonstrate a favorable benefit-risk profile. Dr. Steven Romano, Senior Vice President and the head of the Medicines Development Group for Pfizer Special Care, said, "The clinical experience with XELJANZ to date, which includes data from approximately 5,000 patients treated for RA, demonstrates a consistent efficacy and safety profile across a range of patient types and a risk profile that is familiar to rheumatologists who have experience utilizing the range of treatments available to treat this disease. We believe that the benefit:risk profile of XELJANZ is favorable, and we remain committed to working with the EMA to make XELJANZ available to appropriate patients in Europe." The Full Research Report on Pfizer Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d702_PFE]

Merck & Co., Inc. Research Report

On July 26, 2013, Merck & Co., Inc. (Merck) issued a statement regarding the conclusion of the EMA for CHMP review of GLP-1, or incretin-based therapies, including sitagliptin. According to the EMA, "Investigation into GLP-1 based diabetes therapies concluded: No new concerns for GLP-1 therapies identified on the basis of available evidence." Michael Rose
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