Pfizer Inc (NYSE:PFE)’s is a fighter on all fronts
Pfizer Inc (NYSE:PFE) is a global pharmaceutical company and is known for its innovation. Very recently, it introduced Aircept, a drug that is used in the
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treatment of Alzheimer’s. This drug has been created in collaboration with Eisai. In 2012, Aircept sales stood at $2.4B but this was a decline in comparison to the levels they stood at in the previous three
years. This decline is primarily because the patent for this medication has expired.
Generic drug makers are always waiting in the sidelines for this kind of a thing o happen and they immediately launch their own, much-cheaper versions of the drugs. This affects the sales of the company that had launched the original product. Actavis and Teva are two of the companies who sell generic versions of Aircept.
The U.K hurdle
Of late the company seems to have been encountering too many hurdles. An advisory panel in the U.K has tentatively declined PFE’s application for approval of Xalkori, PFE’s casino online lung cancer medication. This was to be used in the National Health Service in the U.K. This medication, also called crizotinib was purported to be very expensive.
The worldwide healthcare structure is not currently in the pink of financial health and the NICE or National Institute for Health and Care Excellence had suggested that its approval for use in the NHS be declined. This despite the fact that the company has offered to cut down its price for the drug.
The Advil effect
Despite all its challenges, the company is unstoppable. It never falters on the innovation front. PFE manufactures Advil, a pain killer. It is now launching a quick-action film-coated version of the same drug. This fast dissolving ultra thin coated tablet acts at a much more rapid pace than the original drug and is ideal for those who do not have the time to wait and relax while the medication takes effect.