Latest Headlines

Latest Headlines

Trial set for Pfizer in Protonix Medicaid rebate case it inherited

A federal judge's inclination means Pfizer could remain in the line of fire to pay out more than $2 billion. That is the potential liability Pfizer faces for a federal lawsuit accusing its Wyeth unit of failing to pay Medicaid rebates for stomach upset drug Protonix.

Sun has terrific quarter, except for that Pfizer thing

Sun's sales in the U.S. were up 28%, and it posted a profit of $204.8 million for the quarter--that is, before that one thing with Pfizer. Of course, that one thing was a 25.2 billion rupee payment ($415 million) that it made to Pfizer and Takeda as part of its share of a $2.15 billion settlement it and Teva Pharmaceutical Industries reached with the two.

Credit Suisse says Pfizer patent win will discourage 'at-risk' launches

Will Pfizer's big patent win against Teva Pharmaceutical Industries and India's Sun Pharma on Protonix discourage more "at-risk" drug launches of generics in the U.S.?

Teva loses $2B gamble on generic of Pfizer's Protonix

When Teva Pharmaceutical Industries launched a generic version of Protonix in 2007 before its patent expiration, it set aside $670 million to compensate Pfizer for lost profits on the drug. But with a settlement announced today, the company is finding itself $1.6 billion short.

Teva's at-risk Protonix launch could cost $2B-plus

Turns out, Teva Pharmaceutical Industries' ($TEVA) at-risk launch of copycat Protonix was really, really risky. The company now says it's looking at up to $2 billion in legal losses, to compensate Pfizer ($PFE) for lost profits on the drug.

Pfizer to pay $55M to clean Wyeth's dirty laundry

Another marketing settlement has been wrung out of a Big Pharma player, with Pfizer ($PFE) this time paying $55 million and change to clear up a problem it acquired.

Pfizer racks up $600M-plus in Wyeth-related legal settlements

Pfizer ($PFE) has racked up a trifecta of legal deals, from a $55 million Protonix settlement with the feds to a $491 million Rapamune marketing deal that involves a misdemeanor guilty plea. Sandwiched in the middle: A $67.5 million deal to wrap up a class-action lawsuit filed by former Wyeth shareholders, who claimed they were misled about the risks of its antidepressant Pristiq.

Wyeth puts $960M squeeze on Sun for Protonix launch

Sun Pharmaceuticals ' at-risk launch of generic Protonix may prove to have been risky indeed. Pfizer's ($PFE) Wyeth unit slapped the Indian drugmaker with a $960 million damages claim, alleging Sun's

Public Citizen asks FDA for black box on PPIs

Public Citizen is petitioning the FDA for a "black box" warning on common stomach acid drugs such as AstraZeneca's ($AZN) Nexium and Prilosec and Pfizer's ($PFE) Protonix. The consumer watchdog group

Pfizer in talks with feds on Protonix rebate charges

Pfizer ($PFE) is negotiating with the U.S. government to settle claims that it overcharged Medicaid for the stomach drug Protonix, Pharmalot reports, citing legal documents filed in a Boston federal