More reductions for Pfizer as it tacks on $2.5B in cost savings
Pfizer unveiled an additional $2.5 billion in planned cost savings through 2029 as it continues cutting costs and programs.
Pfizer
Pfizer Inc. is an American multinational pharmaceutical and biotechnology corporation headquartered in New York City. The company develops and produces medicines and vaccines for immunology, oncology, cardiology, endocrinology, and neurology.
Company Info
Sector:Diversified Biopharmaceuticals
Headquarters:New York, New York, USA
Founded:1849
Website:www.pfizer.com/
Recent News
Pfizer axes ex-Metsera obesity asset and GIPR prospect
Pfizer has dropped an obesity asset it acquired from Metsera along with a GIPR-targeting prospect as part of its portfolio pruning.
Pfizer CEO defends $7B bolt-on M&A strategy as peers rush to buy
Pfizer CEO Albert Bourla defended the company's $7 billion bolt-on M&A strategy as peers rush to make larger acquisitions.
Pfizer cuts $2.5B more across R&D, manufacturing in ongoing restructure
Pfizer is cutting an additional $2.5 billion across R&D and manufacturing as part of its ongoing restructuring.
Pfizer's Phase 3 win for Litfulo; Braveheart, Attovia eye IPOs of $275M, $182M
Pfizer's Phase 3 win for Litfulo; Braveheart, Attovia eye IPOs of $275M, $182M. Reported by Endpoints News on 2026-07-30.
FDA expands Padcev-Keytruda combo to more MIBC patients
FDA expanded approval of Pfizer/Seagen's Padcev plus Merck's Keytruda combination to muscle-invasive bladder cancer (MIBC), intensifying competitive pressure on AstraZeneca's checkpoint inhibitor.
Pfizer, Innovent GLP-1 drugs clear China insurance hurdle
Pfizer, Innovent GLP-1 drugs clear China insurance hurdle. (Reuters Biopharma.)
Pfizer delivers ‘disappointing’ late-stage lung cancer data for ADC from $43B Seagen buy
Despite an overall survival miss, Leerink Partners said Pfizer’s antibody-drug conjugate showed “promising” signals of efficacy in a subgroup of patients who had undergone only one prior line of treatment.
Leadership Team
Albert Bourla
Chairman and Chief Executive Officer
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