PFIZER INC (PFE)
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Pfizer (PFE) is a world class pharmaceutical company that develops and manufactures leading prescription medicines. It is most known for being the maker of Viagra, Lipitor, and Zyrtec.
Contents |
Company Analysis
Pfizer's leading drug patents include the following:
- Lipitor - The most widely used treatment for lowering cholesterol, with revenue of about US$ 12 billion annually. Lipitor's has patent protection until 2010 in US[1] and 2011 in most of Europe[2]. An Indian pharmaceuticals company, Ranbaxy, has been challenging Lipitor's patent worldwide in its quest to launch generic version of Lipitor earlier. As of march 2007, ,most courts have mostly upheld Pfizer's patent right till 2010/2011. [1][2]
- However, one of Lipitor's main competition, Merck's(MRK) Zocor and Bristol Myers Squibb' (BMY) Pravachol has lost its patent protection in 2006. Several companies like Ranbaxy, Dr. Reddy of India and Teva (TEVA)of Israel are currently producing generic version of Simvastatin (Zocor). [3] This will have some competitive and pricing pressure for Lipitor.
- Norvasc - World's most-prescribed branded medicine for treating hypertension.
- Exubera - The first inhaled human insulin therapy, developed under collaboration with Nektar Therapeutic (NKTR). As part of agreement with Pfizer, Nektar receives royalties on sales of Exubera by Pfizer and revenue for the manufacture of the insulin powder and the Exubera Inhalers.[4]
- Geodon/Zeldox - An anti-psychotic medication for the treatment of schizophrenia and acute manic or mixed episodes associated with bipolar disorder.
- Lyrica - Relieves two of the most common types of nerve pain: Diabetic Nerve Pain and Pain after Shingles. Lyrica is also approved to treat partial onset seizures in adults with epilepsy who take one or more anti-seizure medicines.
- Celebrex - Approved to treat the joint pain, stiffness, and swelling of osteoarthritis and adult rheumatoid arthritis.
- Eraxis - An antifungal approved to treat candidemia, the most deadly of the common hospital-acquired bloodstream infections, and other forms of Candida infections.
- Sutent - The drug is currently approved to treat two types of cancer, an advanced form of kidney cancer and a cancer of the stomach and intestines called gastrointestinal stromal tumor (GIST) and is currently in Phase II/III clinical trials for other types of cancer. [5] Sutent was developed by Sugen, a South San Francisco biotechnology company focused on kinase inhibitors in oncology. Sugen was acquired by Pharmacia and Upjohn in 1999 for $650 million, and later merged into Pfizer in 2003. Pfizer continued Phase III trials and registration and marketing of the drug. [6][7]
- Xalatan/Xalacom - A drug used to lower the intraocular pressure associated with glaucoma and ocular hypertension.
- Zyrtec - The most prescribed antihistamine in the U.S. for seasonal and year-round allergies and hives with once-daily dosing.
- Chantix/Champix - A prescription treatment for smoking cessation that became available to patients in the U.S. in August 2006.
- Viagra - The leading treatment for erectile dysfunction and one of the world�s most recognized pharmaceutical brands.
This list is only a sampling of Pfizer's drug patents. In addition to having the protection of patents, several of the above names have very recognizable brands. I am sure you've likely seen advertisements and product placements for Viagra, Zyrtec, and maybe even Lipitor. Pfizer has a very impressive drug marketing capability.
Pfizer also has an animal health business line. Pfizer produces Draxxin for treatment of respiratory disease in cattle and swine. The company also produces Rimadyl for treatment of pain and inflammation associated with canine osteoarthritis and soft-tissue orthopedic surgery. In addition, Pfizer produces Revolution, a parasiticide for dogs and cats.
A detailed intrinsic valuation of Pfizer is provided at Pfizer Price Check.
Revenue Highlights [8]
SEGMENT/PRODUCT REVENUES
TWELVE MONTHS 2006
(millions of dollars)
WORLDWIDE U.S. INTERNATIONAL
% % %
2006 2005 Chg 2006 2005 Chg 2006 2005 Chg
TOTAL
REVENUES 48,371 47,405 2 25,822 24,751 4 22,549 22,654 -
PHARMA- CEUTICAL 45,083 44,269 2 24,503 23,471 4 20,580 20,798 (1)
* CARDIOVASCULAR AND METABOLIC DISEASES 19,871 18,732 6 11,124 10,036 11 8,747 8,696 1
LIPITOR 12,886 12,187 6 7,849 7,401 6 5,037 4,786 5 NORVASC 4,866 4,706 3 2,500 2,222 13 2,366 2,484 (5) CARDURA 538 586 (8) 7 7 - 531 579 (8) CADUET 370 185 99 349 179 95 21 6 241 ACCUPRIL/ ACCURETIC 266 294 (10) 29 22 37 237 272 (13) CHANTIX/ CHAMPIX 101 - * 101 - * - - *
* CENTRAL NERVOUS SYSTEM DISORDERS 6,038 6,391 (6) 3,635 3,816 (5) 2,403 2,575 (7)
ZOLOFT 2,110 3,256 (35) 1,752 2,573 (32) 358 683 (47) LYRICA 1,156 291 297 717 111 M+ 439 180 144 GEODON/ ZELDOX 758 589 29 631 483 31 127 106 20 NEURONTIN 496 639 (22) 91 159 (43) 405 480 (16) ARICEPT** 358 346 4 1 - * 357 346 4 XANAX/XR 316 409 (23) 70 141 (50) 246 268 (8) RELPAX 286 233 23 185 143 30 101 90 11
* ARTHRITIS AND PAIN 2,711 2,386 14 1,781 1,377 29 930 1,009 (8)
CELEBREX 2,039 1,730 18 1,577 1,267 24 462 463 -
* INFECTIOUS AND RESPIRATORY DISEASES 3,474 4,770 (27) 1,222 2,449 (50) 2,252 2,321 (3)
ZYVOX 782 618 27 527 438 20 255 180 42 ZITHROMAX/ ZMAX 638 2,025 (69) 210 1,497 (86) 428 528 (19) VFEND 515 397 30 178 140 27 337 257 31 DIFLUCAN 435 498 (13) (17) (17) (3) 452 515 (12)
* UROLOGY 2,809 2,684 5 1,586 1,497 6 1,223 1,187 3
VIAGRA 1,657 1,645 1 796 802 (1) 861 843 2 DETROL/ DETROL LA 1,100 988 11 769 675 14 331 313 5
* ONCOLOGY 2,191 1,996 10 887 701 26 1,304 1,295 1
CAMPTOSAR 903 910 - 491 471 4 412 439 (6) ELLENCE 312 367 (15) 54 73 (26) 258 294 (12) AROMASIN 320 247 30 113 85 34 207 162 27 SUTENT 219 - * 167 - * 52 - *
* OPHTHAL- MOLOGY 1,461 1,373 6 483 432 12 978 941 4
XALATAN/ XALACOM 1,453 1,372 6 483 432 12 970 940 3
* ENDOCRINE DISORDERS 985 1,049 (6) 258 341 (24) 727 708 3
GENOTROPIN 795 808 (2) 230 239 (4) 565 569 (1)
* ALL OTHER 4,169 3,823 9 2,711 2,205 23 1,458 1,618 (10)
ZYRTEC/ ZYRTEC D 1,569 1,362 15 1,569 1,362 15 - - *
* ALLIANCE REVENUE (Aricept, Macugen, Mirapex, Olmetec, Rebif and Spiriva) 1,374 1,065 29 816 617 32 558 448 25
ANIMAL HEALTH 2,311 2,206 5 1,032 993 4 1,279 1,213 5
OTHER *** 977 930 5 287 287 - 690 643 7
* - Calculation not meaningful.
** - Represents direct sales under license agreement with Eisai Co.,
Ltd.
*** - Includes Capsugel and Pfizer CenterSource.
M+ - Change greater than one-thousand percent. Certain amounts and percentages may reflect rounding adjustments. Certain prior year data have been reclassified to conform to the current year presentation.
News Feed
| 09/08/08 7:09 am | Pfizer Tries Again With Osteoporosis Drug Fablyn (at The Wall Street Journal Online) |
| 09/08/08 7:09 am | Medarex Receives Milestone Payment from Pfizer for Investigational New Drug Application Filing (PR Newswire) |
| 09/08/08 5:09 am | Congress likely to delay health care overhaul (AP) |
| 09/08/08 2:09 am | 5 Big Pharma Cash Machines (at Seeking Alpha) |
| 09/07/08 7:09 pm | Pfizer to Pitch Treatment For Osteoporosis to FDA Panel (at The Wall Street Journal Online) |
| 09/06/08 2:09 pm | Taking Aim at Brain Cancer (at Forbes.com) |
| 09/06/08 7:09 am | One Outrageously Cheap Stock (at Motley Fool) |
| 09/05/08 6:09 pm | India Pharma Ranbaxy Fights FDA Charges (at BusinessWeek) |
| 09/05/08 5:09 pm | Final Glance: Pharmaceuticals companies (AP) |
| 09/05/08 3:09 pm | 5 Stocks Blasting Off (at Motley Fool) |
Risks
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Notes
- ↑ 1.0 1.1 "U.S. Appeals Court Denies Ranbaxy Petition for Rehearing Regarding Main Patent in Lipitor Case," Company Press Release, October 23, 2006. Accessed March 6, 2007.
- ↑ 2.0 2.1 "European Patent Office Supports Validity of Lipitor Patent," Company press release, October 27, 2006. Accessed, march 6 2007.
- ↑ Wikipedia article on Simvastatin, Accessed March 06, 2007.
- ↑ Exubera page from Nektar corporate website. Accessed on March 14, 2007.
- ↑ Pfizer's Pipeline form company website. Accessed, March 6, 2007.
- ↑ Wikipedia article on Sunitinib. Accessed on March 6, 2007
- ↑ Form 8-K filed by Sugen, Inc. on June 15, 1999. Accessed on March 6, 2007
- ↑ "Pfizer Achieves Key 2006 Financial Targets," Company press release, January 22, 2006. Accessed, March 6, 2007.










