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Pharmaceuticals

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  • Drug Earnings Deluge Thursday, 18 Oct 2007 | 7:01 PM ET

    The Big Pharma earnings season is in full swing with Pfizer (PFE), Eli Lilly (LLY) and Wyeth (WYE) out Thursday and Merck (MRK) and Schering-Plough (SGP) reporting Monday. What’s the trade as the drug companies deal with their ailing pipelines?

  • European Stocks Close Lower on Bank of America Miss Thursday, 18 Oct 2007 | 11:39 AM ET

    European stocks finished in negative territory Thursday, after a sharper-than-expected drop in Bank of America's third-quarter profit caused by the credit crisis dragged financial and banking stocks lower.

  • Pfizer "Chokes" on Inhaled Diabetic Insulin Thursday, 18 Oct 2007 | 11:29 AM ET
    Exubera

    Just months after launching what was hailed as a revolutionary new product, Pfizer is taking it off the market. And it has nothing to do with safety. It has everything to do with sales--or the lack, thereof. The world's biggest drug company only recently started direct-to-consumer advertising for Exubera, but it apparently didn't work.

  • Pfizer Earnings Fall 77%, Hurt by Insulin Drug Exit Thursday, 18 Oct 2007 | 9:42 AM ET
    Pfizer

    Pfizer said on Thursday that third-quarter earnings fell sharply, hurt by a $2.8 billion charge to end its investment in its poorly selling Exubera inhaled insulin drug. But earnings excluding one-time items beat analysts' expectations.

  • Lilly Profit Rises on Sales of Newer Drugs Thursday, 18 Oct 2007 | 9:25 AM ET

    Eli Lilly said Thursday third-quarter profit rose on higher sales of newer prescription drugs, including its Cymbalta anti-depressant, and the company raised its 2007 forecast.

  • Novartis Cuts US Jobs as Third-Quarter Profit Falls 12% Thursday, 18 Oct 2007 | 3:36 AM ET

    Swiss drugmaker Novartis's third-quarter net profit missed forecasts, dropping by 12 percent to $1.57 billion, weighed down by the launch of rival generic versions of its drugs and a one-off charge.

  • Pfizer Earnings Thursday Wednesday, 17 Oct 2007 | 7:19 PM ET

    The big drug complex including Pfizer (PFE), Eli Lilly (LLY), and Wyeth (WYE) are all under fire from generics and they all reporting earnings Thursday. How should you trade?

  • Abbott Profit Flat as Charges Take Toll Wednesday, 17 Oct 2007 | 1:35 PM ET

    Abbott Laboratories on Wednesday said third-quarter earnings were little changed due to special charges, but the company reported sharply higher sales of its prescription drugs and medical devices.

  • Gilead: Has Bird Flu Fighter Tamiflu "Sickened" Stock? Wednesday, 17 Oct 2007 | 12:37 PM ET

    There was a time within the past couple of years that it seemed you couldn't open a major newspaper or watch a TV news program without seeing a story about the bird flu and Tamiflu--the antiviral medicine from Roche and Gilead Sciences. GILD invented the drug and later sold rights to Roche which pays GILD a royalty on sales.

  • Bristol-Myers Breast Cancer Drug Approved by FDA Tuesday, 16 Oct 2007 | 5:27 PM ET

    Bristol-Myers Squibb won U.S. approval Tuesday to sell a new drug called Ixempra for advanced breast cancer, the Food and Drug Administration said.

  • J&J Profit Slips on Costs, Raises Full-Year Target Tuesday, 16 Oct 2007 | 12:49 PM ET

    Health care products maker Johnson & Johnson said Tuesday its third-quarter profit fell about 8 percent because of a charge for cutting jobs, primarily in its stent-making and pharmaceuticals businesses.

  • JNJ, Genentech: What's Ailing Them (And Their Stock) Tuesday, 16 Oct 2007 | 11:44 AM ET

    If you saw the headline, you would've thought that Johnson and Johnson might help power the Dow today. The hybrid pharmaceutical, medical device and consumer healthcare products company handily beat the Street and raised its guidance for the year.

  • Forest Lab Shares Fall as Earnings Miss Forecasts Tuesday, 16 Oct 2007 | 10:34 AM ET

    Forest Laboratories said Tuesday quarterly earnings fell 7 percent, hurt by a charge related to a product-licensing deal, and posted revenue that missed Wall Street expectations.

  • Roche Sales Fall Short on Tamiflu Weakness Tuesday, 16 Oct 2007 | 5:28 AM ET

    Shares in Roche Holding slump on Tuesday after Swiss pharmaceutical company reported sales that came in below analysts' forecasts.

  • Genentech: What's Really Behind The Earnings Monday, 15 Oct 2007 | 5:02 PM ET

    Late last week, I blogged about keeping an eye on the Lucentis sales number when Genentech reports earnings. Well, the company is just out with its release and, sure enough, revenue from the drug for age-related macular degeneration (AMD) fell sequentially from the second quarter to the third quarter.

  • Alzheimer's Blood Test: Would You Take It? Monday, 15 Oct 2007 | 1:52 PM ET
    Cat scan image of human brain

    This morning on "Squawk Box" and "Squawk on the Street" I reported on a new study showing that a simple blood test might predict whether you will develop Alzheimer's Disease. The report, which appears in the scientific, peer-reviewed journal "Nature Medicine...

  • Biogen Idec: First Of A Biotech Buying Binge? Monday, 15 Oct 2007 | 12:52 PM ET

    For quite some time now analysts and investors have been speculating that big pharma would go on a biotech buying binge. So, will the announcement by Biogen Idec late Friday that it's putting itself on the market be the spark that ignites an M & A explosion in the sector? Perhaps.

  • Biogen Expected to Fetch up to $30 Billion Monday, 15 Oct 2007 | 10:11 AM ET

    Biogen Idec, which has put itself up for sale, may get bids of around $25-30 billion from several of the world's top drugmakers keen to expand in the hot area of biotech medicine.

  • Outlook: Investors Bracing For Big Earnings Week Friday, 12 Oct 2007 | 6:15 PM ET

    A slew of companies will be reporting third-quarter results, and investors will be watching not only for the latest figures but what companies predict about future profits.

  • Merck Wins FDA Approval for AIDS Drug Friday, 12 Oct 2007 | 5:09 PM ET

    U.S. regulators approved a new AIDS treatment made by Merck, the first in a new class of drugs aimed at preventing replication of the virus, Merck said on Friday.