Pfizer News Sends Blue Chips Down
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The Dow Jones industrial average fell on Friday after Pfizer Inc. (PFE.N: Quote, Profile, Research) shares opened nearly 19 percent down on trial data for its popular arthritis drug Celebrex that showed increased risk of heart attack.
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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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Credit Suisse First Boston lowered 2005 earnings estimates for Pfizer (nyse: PFE - news - people ) after the generic version of Neurontin was launched earlier than expected.
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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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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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In New York, the blue-chip Dow Jones average fell on Thursday after drug maker Merck &amp; Co withdrew its widely used Vioxx painkiller after evidence showed the drug could increase risk of heart attack and stroke.
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Stocks fell on Friday, led by  pharmaceutical shares after a U.S. health official raised  concerns about drug safety and a drop in chip-equipment makers  following a ratings downgrade by Goldman Sachs.
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Shares of Pfizer Inc. dropped 11% to $25.80 on Friday, after the company said a long-term study revealed that its Celebrex painkiller drug increased the risk of heart problems.
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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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Shares of Wyeth WYE.N and Pfizer  Inc. PFE.N fell on Monday after Merrill Lynch downgraded the  drugmakers and U.K. regulators issued tougher warnings on the  type of popular depression drugs sold by the companies.
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U.S. blue chips ended lower on Monday  after a disappointing sales forecast from the world's biggest  retailer, Wal-Mart Stores Inc. WMT.N, overshadowed a two-day  pullback in oil prices.
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US BLUE-CHIP stocks slid lower yesterday, pulled down by industrial bellwether Caterpillar, but technology shares remained higher after EBay posted strong earnings.
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Blue chips closed lower, with the banking reporting season off to a bad start as mid-cap Bradford & Bingley's shares lost 23 percent after its results, and the Bank of England's hawkish inflation report having a more widespread negative effect, though Wall Street was higher.
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Pfizer Inc.&#39;s shares fell as much as 6.2 percent on Thursday on a Canadian newspaper report linking its arthritis drug Celebrex to 14 deaths.
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Stock falls on news treatment failed a mid-stage trial, company will cease developing drug. NEW YORK  - AtheroGenics Inc.
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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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UK blue chips closed lower on Friday, reflecting a weak showing on Wall Street as disappointment over earnings reports prompted a pull-back after yesterday&#39;s historic close above the 14,000 level for the first time, but with Friends Provident a major gainer on bid speculation.