Pfizer Profit Plunges on Exubera Charge
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The company earned $761 million after the $2.8 billion pretax charge to end investment in the inhaled insulin drug.
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Pfizer Inc  on Wednesday reported a higher-than-expected fourth-quarter profit, helped by lower taxes, a weak dollar and growing demand for its drugs for nerve pain, kidney cancer and smoking cessation.
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NEW YORK - Shares of pharmaceutical company Pfizer Inc. fell sharply in early trading after the firm reported an increased risk of heart disease for patients taking its Celebrex painkiller and arthritis drug.
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Shares of Pfizer Inc., the world's largest drugmaker, sank Monday on news that the company had halted development of a key new cholesterol treatment that was heralded as its engine for future growth as the company struggles with stagnant sales.
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Merck & Co. MRK.N on Thursday said  its third-quarter profit fell, hurt by big charges for the  recall of the company's Vioxx arthritis drug in late September  after it was linked to heart attacks and strokes.
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Pfizer Inc.  on Wednesday reported lower-than-expected quarterly earnings on competition with generics and a surprisingly big 13 percent decline in sales of its best-selling Lipitor cholesterol fighter.
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Costco Wholesale Corp.  on Thursday said its quarterly profit fell, hurt by charges for expensing stock options.
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Shares of Pfizer Inc. PFE.N closed  down more than 2 percent on Monday after an analyst lowered her  investment rating on the world's largest pharmaceutical  company's stock.
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NEW YORK  - Drugs giant Pfizer Inc.&#39;s stock fell on a report that prescriptions for its blockbuster pain medication Celebrex slumped 56 percent last week.
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Pfizer Inc. PFE.N on Friday said it  would take a third-quarter pretax charge of $369 million for a  settlement with plaintiffs who allege they were harmed by  products containing asbestos and other minerals once sold by a  Pfizer subsidiary.
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Pfizer saw a 13 percent decline in sales of its best-selling cholesterol treatment, Lipitor, which contributed to lower-than-expected second quarter earnings.
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Pfizer Inc.  on Friday said it will take a pretax charge of &#36;369 million in the third quarter for a settlement with plaintiffs who allege they were harmed by products containing asbestos and harmful minerals once sold by a Pfizer subsidiary.
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Pfizer will take a charge of $2.8 billion for costs associated with Exubera, making it one of the most expensive flops in the history of the pharmaceutical industry.
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PFIZER, the drugs group best known for producing Viagra, has suffered a collapse in US sales of its blockbuster Celebrex painkiller on the back of clinical trials showing a heightened risk of heart attacks.
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Aramark Corp.  on Wednesday  posted lower quarterly profit due to a charge for weakness in  its uniform business and costs for terminating two food-service  contracts.
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Shares in Pfizer Inc, the world's  biggest drugmaker, fell more than 10 percent in early trade in  Europe on Monday, after news it had scrapped its most important  experimental drug.
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The worldÂs No. 1 maker of sport shoes said profit fell as stock-based compensation weighed on results.