Pfizer targets to be a leader in cancer drug treatment
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Drug giant Pfizer is reported to start 20 clinical trials this year and more soon after to become a drug giant in the cancer medicine space. Only known for its erectile dysfunction treatment Viagra and blockbuster cholesterol fighter Lipitor, Pfizer has come a long way to conquer the space which is the most lucrative in terms of medicines.
Today, Pfizer has eight approved cancer medicines, four of them launched in the last four years. It's running late-stage patient tests on five of those drugs for additional uses, has three other drugs in late-stage testing usually the last round before seeking approval from regulators and has 14 other cancer drug development programs in early stages.
New York-based Pfizer Inc. chose to make cancer one of its core research areas, pitting it against cancer powerhouses including Novartis AG, Roche Holding AG, Bristol-Myers Squibb Co. and Merck & Co.
Those programs together provide for a two-pronged attack on cancer, including drugs designed to kill tumor cells and other treatments in a promising new class called immuno-oncology that stimulate the immune system to mount a stronger defense against cancer.
Today, Pfizer has eight approved cancer medicines, four of them launched in the last four years. It's running late-stage patient tests on five of those drugs for additional uses, has three other drugs in late-stage testing usually the last round before seeking approval from regulators and has 14 other cancer drug development programs in early stages.
New York-based Pfizer Inc. chose to make cancer one of its core research areas, pitting it against cancer powerhouses including Novartis AG, Roche Holding AG, Bristol-Myers Squibb Co. and Merck & Co.
Those programs together provide for a two-pronged attack on cancer, including drugs designed to kill tumor cells and other treatments in a promising new class called immuno-oncology that stimulate the immune system to mount a stronger defense against cancer.
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