Pfizer stock drops after slump in Celebrex prescriptions
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NEW YORK  - Drugs giant Pfizer Inc.&#39;s stock fell on a report that new prescriptions for its blockbuster pain medication Celebrex slumped 56 percent last week.
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The drug maker stops advertising Celebrex, but says it won&#39;t pull the drug from the market. Oil dips below $46 per barrel. Stocks are indicated to open higher today, but trading could be subdued this holiday-shortened week.
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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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Pfizer Inc., the world&#39;s biggest drugmaker, defended its painkiller Celebrex after a researcher&#39;s suggestion the medication may be linked to heart risks sent the stock down as much as 8.3 percent.
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Pfizer Inc. says it will immediately pull advertising for its top-selling arthritis pain reliever Celebrex, whose safety was called into question last week after a study found an increased risk of heart attacks in patients taking high dosages of the drug.
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Shares in Pfizer Inc fell 11 percent in Europe on Monday after the world's biggest drugmaker scrapped development of its most important experimental medicine.
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Pfizer Inc. shares rebounded on Tuesday as a study of Alzheimer&#39;s patients found that its arthritis drug Celebrex carried no increased cardiovascular risks, differing from
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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 stock closed at $25.95, rising 4 percent. The stock began a rally earlier in the week on word that the US Food and Drug Administration had issued a warning of potential heart problems for naproxen.
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Shares in Pfizer Inc fell 12 percent in Europe on Monday after the world's biggest drugmaker scrapped development of its most important experimental medicine.
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PfizerÃÂs 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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Stocks fell on Wednesday after bank  JPMorgan Chase & Co.JPM.N and drug maker Pfizer Inc. PFE.N  reported disappointing earnings, while a lackluster outlook  from cell-phone maker Motorola Inc. MOT.N stoked concerns  about weak technology spending.
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NEW YORK Merck led blue-chip stocks lower Thursday as the No. 2 US drug maker reduced its profit forecast after withdrawing its Vioxx painkiller.
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WASHINGTON (CBS.MW) - Pfizer shares tumbled more than 17 percent Friday morning after the company said a study of Pfizer&#39;s Celebrex drug for use in treating cancer has demonstrated an increased cardiovascular risk.
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US stocks fell as setbacks for drugmakers, including a study showing Pfizer Inc.&#39;s Celebrex painkiller increased the risk of heart attacks, sent health-care shares tumbling.
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U.S. stocks edged lower on Thursday,   dragged down by drug store shares after Wal-Mart Stores Inc.   WMT.N announced it was slashing prices of generic drugs in   Florida.
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NEW YORK, December 30  - New prescriptions for pharmaceutical major Pfizerâs (PFE.NYS) arthritis drug Celebrex declined 56% last week after the company revealed that the regular usage of the drug could enhance the risk of heart attacks