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Latest News
GlaxoSmithKline Q1 profit dips - UPDATE
25th APRIL 2007
LONDON (Thomson Financial) - GlaxoSmithKline PLC, Europe's biggest drug maker, has reported a 1 pct drop in first-quarter pretax profits, hit by currency factors but softened by a one-off payment from Roche.
In the three months to end-Match, pretax profits fell to 2.143 bln stg from 2.170 bln in the same period last year. Earnings per share rose 2 pct to 27 pence per share, or 14 pct adjusted for currencies.
Sales missed forecasts, hit by the strength of the sterling and the loss of patent protection in three key products. Sales dropped 4 pct to 5.59 bln stg. Read More >
Pfizer cuts forecast, as generics cut deeper
20th APRIL 2007
NEW
YORK – Pfizer Inc. cut its
2007 forecast Friday on plunging demand for hypertension drug Norvasc
in the face of generic competition and warned of potentially lower
sales of cholesterol fighter Lipitor.
Although first-quarter results beat expectations, the world's largest drugmaker lowered its 2007 sales and earnings forecasts largely due to the U.S. arrival in March – six months ahead of expectations – of cheaper generic forms of Norvasc.
Pfizer shares were flat in early trade. The stock has underperformed its peers in the past year, but the company's hefty dividend and valuation discount relative to its rivals are supporting the share price, analysts said on Friday. Read More >
Health Canada urges chickenpox vaccine for immigrants
02nd APRIL 2007
TORONTO (CP) - Family doctors should ask young adult immigrants and refugees whether they have ever had chickenpox, test those who don't think they have and offer to vaccinate those who are susceptible to the disease, a new study suggests.
A group of Montreal researchers say such a screening and immunization program would actually save the health-care system money, as well as protecting the health of new Canadians and their families.
The benefits would be especially high in immigrants and refugees coming to Canada from tropical countries, where varicella - the virus that causes chickenpox - doesn't generally infect in early childhood. Read More >