The $3.4 billion lesson Big Pharma needs to learn: its shelved drugs could save millions of patients [Fortune]
Pfizer, Inc. (PFE)
Last pfizer, inc. earnings: 4/28 06:45 am
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Source: Fortune
Recommended Video Pfizer once shelved an experimental cancer drug. Then the Children's Tumor Foundation came knocking. The two organizations recognized the compound could fight tumors caused by a rare genetic disorder, so Pfizer licensed it to a new spin-off, SpringWorks Therapeutics. SpringWorks advanced it into Gomekli, a medicine that now shrinks tumors in patients with that condition. The bet paid off. Last year, in spring, the drug was approved by the FDA and EMA and Merck acquired SpringWorks for $3.4 billion — one of 2025's largest biotech deals. Thousands of drugs are waiting Across pharma and academia, an estimated 5,000+ shelved drug candidates were discontinued for reasons unrelated to safety or efficacy. Each represents a potential therapy for conditions that, in many cases, have no approved treatment at all. Industry stakeholders have a unique opportunity to collaborate on identifying these compounds. Aligning these assets with capable and motivated partners will
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PFE
News
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- Pfizer: I'm Still Expecting A Massive Rebound [Seeking Alpha]Seeking Alpha
PFE
Earnings
- 2/3/26 - Beat
PFE
Sec Filings
- 3/16/26 - Form 4
- 3/12/26 - Form ARS
- 3/12/26 - Form DEFA14A
- PFE's page on the SEC website