Lipitor slide hits Pfizer profits
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Global drugs giant Pfizer sees profits fall after a drop in worldwide sales of cholesterol drug Lipitor.
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Pfizer Inc.  on Thursday said  second-quarter earnings from continuing operations rose about  13 percent on higher sales of medicines like cholesterol  fighter Lipitor and Celebrex for arthritis.
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The discontinuation of Exubera, an inhaled insulin, is another black eye for Pfizer, the worldâs biggest drug company, which has recently sustained a series of reversals.
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Pfizer shares plunged in blizzard-like trading volume Friday after the drugmaker said new data from cancer trials showed its arthritis drug Celebrex posed &quot;increased cardiovascular risk&quot; when used in high doses.
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Shares in GlaxoSmithKline fall after it issues a profit warning on the back of falling demand for a key drug.
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Will Pfizer be able to offset the looming loss of Lipitor?
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Drug investors may be wishing they could pop two pills and feel better in the morning. The latest headache hit last week when Pfizer joined the rash of drug companies announcing problems with their products.
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Pfizer Inc. , the world's largest drug company, on Wednesday said fourth-quarter earnings rose on strong sales of cholesterol treatment Lipitor and arthritis drug Celebrex.
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Shares in US drugmaker Pfizer plunge after it halts development of its most important experimental drug.
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US stocks fell on Friday dragged down by a string of negative reports from drug makers, with Pfizer Inc. (PFE.N: Quote, Profile, Research) , AstraZeneca Plc.
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Pfizer Inc. , the world's biggest drugmaker, on Wednesday said third-quarter earnings rose on higher sales of key medicines.
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PfizerÂs stock fell almost 11 percent on Monday in a trading frenzy that shaved more than $21 billion off its market value.
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Pfizer Inc. PFE.N, the world's  largest drug company, on Wednesday said fourth-quarter earnings  rose on strong sales of cholesterol treatment Lipitor and  arthritis drug Celebrex.
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* The world&#39;s biggest drug company loses $25 billion in market value in one day as investors fear another Vioxx debacle. NEW YORK - Pfizer Inc.
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Drug makers failed to bounce back from a Thursday slide, with many drug stocks closing down Friday as drug giant Pfizer Inc. and generic drug challenger Alpharma Inc.
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NEW YORK, Dec. 2 -- Pfizer Inc. announced Saturday that it has cut off all clinical trials and development work for a cholesterol drug that was supposed to be a star product because of an unexpected number of deaths and cardiovascular problems among patients who used it.
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Pfizer Inc, Novartis AG and Wyeth all  saw quarterly earnings hit by charges on Thursday, while Eli  Lilly and Co exceeded Wall Street expectations as third-quarter  sales of several of its drugs outpaced analysts' estimates.