March 29, 2013 |
Just like its popular Duncan Hines cake mixes, packaged foods company Pinnacle Foods Inc. is on the rise after raising $580 million in an initial public offering. The company - which owns popular brands such as Birds Eye, Aunt Jemima, Log Cabin, Mrs. Butterworth's and Hungry-Man - made its debut on the New York Stock Exchange under the symbol PF. Wednesday night, the Parsippany, N.J., business sold 29 million shares for $20 apiece - at the top end of its suggested $18-to-$20 range.
October 22, 2008 |
Pfizer Inc., the world's biggest drug maker, said profit tripled as lower costs from job cuts and higher international sales offset declining U.S. demand for its cholesterol pill Lipitor and anti-smoking drug Chantix. Sales in the U.S. fell 15% after patients continued to switch from Lipitor, the world's best-selling drug, to generic copies of Merck & Co.'s cholesterol pill Zocor, New York-based Pfizer said. Doctors also shunned Chantix after U.S. regulators cautioned it might be linked to suicides.
October 1, 2008 |
Pfizer Inc. is shifting its drug research focus to diseases that have high potential for big profits and for treatment improvements in such fields as cancer and Alzheimer's disease. The world's biggest drug maker also is ending new research on conditions including obesity and heart disease, but research on drugs already in late-stage human testing will continue, spokeswoman Liz Power said Tuesday.
December 26, 2007 |
A judge in Nigeria ordered the arrest of three executives of New York-based drug company Pfizer Inc., saying they failed to honor an order to appear in court over a $2-billion suit the company is facing for a 1996 drug trial. Judge Shehu Atiku, sitting in Kano, Nigeria, said the executives of the Pfizer subsidiary in Nigeria had not heeded a Nov. 6 ruling that they should appear in court.
November 21, 2007 |
Hundreds of patients who allege they or their loved ones suffered heart attacks and strokes after taking pain medication Celebrex might be dropped from a massive lawsuit against drug maker Pfizer Inc. in light of a federal judge's ruling. U.S. District Judge Charles R.
November 21, 2007 |
Government scientists are investigating whether a prescription drug by Pfizer Inc. used to help smokers quit cigarettes also increases suicidal thoughts and violent behavior. The Food and Drug Administration said it had received reports of mood disorders and erratic behavior among patients taking Chantix. The FDA advised doctors to closely monitor patients taking Chantix for behavior changes.