News | Latest Breaking News Stories & Headlines

Ibec CEO Danny McCoy and its new President Paul Duffy

Paul Duffy named as new Ibec President

Business group Ibec has appointed Paul Duffy, Senior Vice President of Pfizer Global Supply, as its new President for 2023 to 2024.

Business • 07 Sep

Sales of Pfizer's antiviral treatment Paxlovid revenue tumbled 98% to $143m in its latest quarter

Pfizer eyes cost cuts on volatile Covid products demand

Pfizer will launch a cost-cutting programme if demand for its Covid-19 products keeps underperforming expectations this fall, the US drugmaker said today, after quarterly sales …

Business • 02 Aug

Pfizer's Ringaskiddy plant is the firm's largest production facility outside the US

Pfizer workers at Ringaskiddy in line for 8.5% pay hike

SIPTU has fallen short in its bid for a 12.5% pay increase for 300 workers over two years at Pfizer's Irish manufacturing centre for Viagra …

Business • 27 Jul

BioNTech said its quarterly net profit dropped to €502m, down from €3.7 billion a year earlier

BioNTech broadens scope as Covid shot sales slide

Germany's BioNTech, Pfizer's partner on Covid-19 vaccines, said today its first-quarter net income plunged on lower demand for the shots as it widens its work …

Business • 08 May

Sales of Pfizer's antiviral treatment Paxlovid sales came in at $4.07 billion - beating estimates of $3.13 billion.

Pfizer beats profit estimates on demand for new drugs

Pfizer has today beaten analysts' estimates for first-quarter profit on strong demand for its newly acquired drugs and steady demand for its Covid products.

Business • 02 May

Today's deal for Seagen is Pfizer's largest since its $67 billion acquisition of Wyeth in 2009

Pfizer agrees Seagen deal to boost cancer portfolio

Pfizer has today struck a roughly $43 billion deal for Seagen to bulk up its cancer treatment portfolio, as the drugmaker braces for a steep …

Business • 13 Mar

Plumbers, pipefitters and welders, who are members of the Unite trade union, voted in favour of taking industrial action

Strike by mechanical workers to go ahead tomorrow

Pickets will be placed at construction sites tomorrow at Intel in Leixlip, Co Kildare and Pfizer in Grange Castle, Co Dublin.

Business • 09 Mar

Pfizer made the announcement at the World Economic Forum meeting in Davos

Pfizer to sell more drugs at cost to poor nations

US pharmaceutical giant Pfizer has said it will greatly expand the number of medicines and vaccines it sells on a not-for-profit basis to the world's …

Business • 18 Jan

It is hoped that construction will begin in 2024 with the plant due for completion by 2027

Pfizer announces €1.2bn expansion plan in Dublin

Pharmaceutical giant Pfizer is to invest €1.2 billion in the construction and development of a new manufacturing plant in Dublin.

Business • 01 Dec 22

More than 2,000 Zantac-related legal cases have been filed in the US, with the first trial beginning this month

GSK, Sanofi, Haleon shares stabilise after Zantac slump

Shares in GSK, Sanofi and Haleon began to stabilise today after the companies said that nothing material had changed regarding US litigation focused on heartburn …

Business • 12 Aug 22

Pfizer has enjoyed an unprecedented rise in sales since the global rollout of its Covid-19 vaccine

Pfizer buys Global Blood Therapeutics for $5.4 bilion

Pfizer is boosting its pipeline with a $5.4 billion deal for blood disorder drugmaker Global Blood Therapeutics, the latest in a series of acquisitions to …

Business • 08 Aug 22

Shares rose 1% in premarket trading as overall net income rose to $9.91 billion despite a stronger dollar.

Pfizer profit surges, reaffirms sales forecast

Pfizer has reported a 78% jump in profit and reaffirmed the combined 2022 sales forecast of $54 billion for its Covid-19 vaccine and pill as …

Business • 28 Jul 22

Pfizer submitted a New Drug Application for Paxlovid to the Food and Drug Administration for the treatment of Covid-19

Pfizer asks for US approval of Covid treatment Paxlovid

Pfizer has said it is seeking full US approval for its oral Covid-19 antiviral treatment Paxlovid, which is currently available under an emergency use authorisation.

World • 30 Jun 22

Pfizer will buy the stake in Valneva, which is also working on its Covid-19 vaccine

Pfizer to buy 8.1% stake in vaccines company Valneva

US healthcare giant Pfizer has agreed to invest €90.5 million to buy an 8.1% percent stake in French vaccines company, as the companies announced developments …

Business • 20 Jun 22

Pfizer is to buy migraine drug maker Biohaven Pharmaceutical Holding Company for about $11.6 billion

Pfizer to buy Biohaven Pharmaceutical for $11.6 billion

Pfizer said it will buy migraine drug maker Biohaven Pharmaceutical Holding Company for about $11.6 billion in cash, as the drugmaker seeks to beef up …

Business • 10 May 22

Pfizer said it expects $22 billion in sales of its Covid pill Paxlovid this year

Pfizer keeps forecasts for Covid pill, vaccine steady

Pfizer has today maintained sales forecasts for its Covid products after a series of hikes to the sales outlook for its Covid-19 vaccine last year, …

Business • 03 May 22

Pfizer said today it would refrain from starting new clinical trials in Russia and recruiting patients for ongoing studies

Pfizer, Bayer to maintain drug supply to Russia

Pfizer and Bayer have said they will maintain humanitarian supply of medicines to Russia, but would pull back from other non-essential spending in the country.

Business • 14 Mar 22

GSK announced plans to divest the business, which includes brands such as Sensodyne toothpaste and Advil painkillers, in June

GSK to name consumer healthcare unit 'Haleon'

GlaxoSmithKline said today that its consumer healthcare venture with Pfizer will be named Haleon, as the British drugmaker confirmed the business will be spun off …

Business • 22 Feb 22

Pfizer said it expects to produce at least 120 million courses of the oral Covid pill this year

Pfizer forecasts $54bn in Covid vaccine, pill sales

Pfizer's forecast for full-year sales of its Covid-19 vaccine and antiviral pill fell short of lofty Wall Street estimates today, sending the drugmaker's shares down …

Business • 08 Feb 22

The German biotech firm said on Tuesday it expects €13 billion to €17 billion in revenue accruing to it from the vaccine this year

BioNTech expects up to €17bn in vaccine revenue in 2022

BioNTech has said it would likely generate up to €17 billion in 2022 revenue from the Covid-19 vaccine it co-developed with Pfizer, pledging to spend …

Business • 11 Jan 22

France had placed an early order for 50,000 doses of the drug molnupiravir developed by Merck and Ridgeback Biotherapeutics

France cancels order for Merck's Covid-19 drug

France has cancelled its order for Merck & Co's Covid-19 antiviral drug following disappointing trial data and hopes instead to receive Pfizer's competing drug before …

Business • 22 Dec 21

Pfizer said it is on track to deliver 2.3 billion doses of the Covid vaccine, out of the roughly 3 billion it plans to make this year

Pfizer raises Covid vaccine sales forecast to $36bn

Pfizer has today forecast better-than-expected $29 billion in sales from its Covid-19 vaccine for 2022 and said t was seeking to sign more deals with …

Business • 02 Nov 21

Pfizer and healthcare provider Kaiser Permanente looked at records from 3.4 million residents of southern California

Pfizer vaccine 'highly effective' against severe Covid

Vaccination with two doses of the Pfizer jab stays highly effective against severe Covid - including the Delta variant - for at least six months, …

Coronavirus • 05 Oct 21

More than a dozen EU countries have already started administering boosters without official EMA backing

EMA to decide on Pfizer booster vaccine on Monday

The EMA will decide on Monday whether to approve Pfizer's Covid-19 booster vaccine, but it is unlikely to give precise guidance on who should receive …

Coronavirus • 29 Sep 21

None of the three Covid vaccines authorised in the US had previously received full FDA approval

US FDA grants Pfizer Covid-19 vaccine full approval

The US drug regulator has granted full approval to the Pfizer/BioNTech Covid-19 vaccine, making it the first to secure such Food and Drug Administration validation …

Coronavirus • 23 Aug 21

Showing 1 - 25 stories