Why Big Pharma's $1 Billion Bet to Prevent a Bacterial Pandemic Matters for You [The Motley Fool]
Pfizer, Inc. (PFE)
Last pfizer, inc. earnings: 4/28 06:45 am
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Source: The Motley Fool
Some might think of big pharmaceutical companies as cutthroat corporations only interested in their own profits and self-preservation. But what if told you that several big pharma companies are together investing close to $ billion to help smaller biotechs?Believe it or not, that's exactly what's happening. Last week, over 0 top drugmakers announced the launch of the AMR Action Fund. Key investors in the AMR Action Fund includePfizer(NYSE:PFERocheOTC:RHHB.YEli LillyNYSE:LLYMerckNYSE:MRKJohnson & JohnsonNYSE:JNJHere's why these big pharma companies are ponying up so much money to help small biotechs -- and why it matters for you.Image source: Getty Images.Behind the big betThere's one simple goal for big pharma's partnership with the AMR Action Fund: Develop between two and four new antibiotics by the end of the decade. We have plenty of antibiotics available now, so what's the big deal?The "AMR" in AMR Action Fund stands for antimicrobial resistance. Bacteria and other microbes contin
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News
- Inhalation CDMO Global Research Report 2024-2033: Integration of AI and ML Enhances Capabilities, Biopharmaceutical Inhalation Therapies Rapidly Expand, Patient-Centric Solutions Take Center Stage [Yahoo! Finance]Yahoo! Finance
- Obsessive-Compulsive Disorder (OCD) Global Clinical Trials Review 2024: Region, Country (G7 & E7), Trial Status, Trial Phase, Sponsor Type and End Point Status [Yahoo! Finance]Yahoo! Finance
- UPDATE 3-GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology [Yahoo! Finance]Yahoo! Finance
- GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology [Yahoo! Finance]Yahoo! Finance
- GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology [Reuters]Reuters
PFE
Earnings
- 1/30/24 - Beat
PFE
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/16/24 - Form PX14A6G
- PFE's page on the SEC website