Over 1,700 employees were working in these two facilities
Revenue from operations of the company stood at Rs 5.19 billion in the quarter
Pfizer has been tackling supply shortage issues at its sterile injectable products unit for at least a year
Pfizer is contending with the expiry of patents on some of its blockbuster drugs
Firm says it is disappointed with the outcome of the inspection
The three new units are innovative medicines, established medicines and consumer healthcare
The Trump administration has not yet taken significant action to lower drug prices
The stock was up 5% to Rs 2,434 on the BSE in intra-day trade, trading at its highest level since January 4, 2016.
Pfizer said the supply challenges would have a negative impact of "several hundred million dollars" this year, moderating in 2018
Germany's Merck KGaA is also looking to divest its non-prescription products, including brands such as Seven Seas vitamins, which could be worth around $4.5 billion
With global pharmaceutical giant Pfizer getting a patent last month for its pneumonia vaccine, Indian companies' plans to introduce cheaper products could get delayed.Pneumonia kills 200,000 children in India every year. The vaccine is available in the private market from two global pharma giants, Pfizer and GlaxoSmithKline (GSK).Pfizer's vaccine, called PCV13 and marketed as Prevnar13, provides protection against 13 strains of the the streptococcus pneumoniae bacteria. GSK's product can provide protection against 10 strains. Four Indian companies - Serum Institute, Panacea Biotec, Biological E and Tergene Biotech - have pneumococcal conjugate vaccine (PCV) products in the pipeline, according to Sathguru Management Consultant, which had earlier this year made a report on the Indian vaccine market for the Confederation of Indian Industry (CII)."Pfizer's patent doesn't cover a mechanism of action and is primarily on formulation of the product. All the four Indian companies with PCV ...
Gelusil and Mucaine are two other drugs in the antacid space the company has
Flynn Pharma fined $6.55 million; CMA also ordered the companies to reduce their prices
The patent office dismissed the objections of two opponents and granted two process patents for Pfizer's etanercept
The drugmaker earned 61 cents per share in the third quarter, excluding special items, missing the average analyst estimate by 1 cent
Pfizer shares on Monday ended at Rs 1,930.40 apiece on the BSE, down 1.66% from previous close
Deal could be valued at more than $1.5 billion
Pfizer, Merck, Celgene Corp and Gilead Sciences Inc had submitted expressions of interest to buy Medivation
The deal may be announced as early as Monday, said the people, who asked not to be identified because the matter is still private
Purchase would be Pfizer's biggest buy since it bought the medical device company Hospira last year for $17 billion