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Pfizer drugs wilt, lower-margin units shine

NEW YORK (Reuters) - U.S. drugmaker Pfizer Inc reported quarterly results roughly in line with expectations, as falling sales of prescription drugs undermined strong demand for consumer and animal-health products that some investors want the company to sell off. Full story

Earnings Preview: Pfizer reports on first quarter

Pfizer Inc., which reports first-quarter results before the stock market opens Tuesday, likely will focus on a recent acquisition, promising data on some experimental drugs and efforts to improve its business portfolio under CEO Ian Read, who took over in December. Full story

Statins may reduce pneumonia death rates

Taking cholesterol-lowering statin drugs such as Pfizer's Lipitor and AstraZeneca's Crestor could help prevent people dying from pneumonia, according to a study by British scientists released on Tuesday. Full story

More evidence ties cholesterol drug, diabetes

NEW YORK (Reuters Health) - People on a high-dose regimen of the cholesterol drug Lipitor may have a slightly increased risk of developing type 2 diabetes -- particularly if they have several of the classic diabetes risk factors, a study published Monday finds. Full story

Drug prices soar as generic pressure rises

U.S. prices for brand-name drugs are rising faster than ever as patents expire on top-selling medicines and the pharmaceutical industry nervously eyes the future of healthcare reform. Full story

Analysis cautions against wider use of statins

There is not enough evidence to recommend the widespread use of statins like Pfizer's Lipitor or AstraZeneca's Crestor in people with no previous history of heart disease, scientists said on Wednesday. Full story

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Related Photos

This October 20, 2010 file photo shows a sign for Pharmaceutical company Pfizer Incorporated headquarters is displayed on 42 Street in New York. US drugmaker Pfizer said May 3, 2011 that first quarter earnings jumped 10 percent despite a 13 percent fall in sales of its best-selling anti-cholestero

Lipitor pills
Lipitor pills

** FILE ** Forty-milligram tablets of the drug Lipitor are photographed in Glen Rock, N.J. in a file photo from Nov. 15, 2005. For decades, Pfizer Co. and other drug companies justified the high prices they charge for new medicines by citing the staggering sums they must risk to come up with them. (