Pfizer’s 3 Fastest-Growing Drugs

After years of declining sales due to patent expiration on its megablockbuster cholesterol drug Lipitor, the company finally appears to be on a path back to reporting year-over-year growth. Investments in mergers and acquisitions deserve some credit for its improving fortune, but a lot of it also rests on fast-growing drugs churned out by its research and development team.

Press release distribution, EDGAR filing, XBRL, regulatory filings

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This Dividend Anchor Could Return More Than 23% In 2017

Pfizer has been on a roll lately, recently announcing successful top-line results for its third biosimilar in the last four months. The success of its biosimilar initiatives could potentially give Pfizer a secure foothold in the biosimilars market, which could grow to $20 billion in just three years.

PTAB Upholds Validity of BMS Patent

The PTAB issued a Final Written Decision upholding the validity of Bristol-Myers Squibb’s U.S. Patent 8,476,239, which had been challenged by Momenta in IPR2015-01537. According to documents filed with the PTAB during the IPR, the ‘239 patent covers stable formulations of a protein called “CTLA4Ig.”

Orascom aims at two out of nine seats of Brazil’s Oi

Dec 23 Orascom TMT Investments SARL will have two out of nine seats on the board of Brazilian telephone carrier Oi SA if its binding offer to buy the company is successful, Karim Nasr, a representative of Orascom, told Reuters in a Friday interview. The remaining board seats will be filled by four independent people and three representatives of the company’s new shareholders, mainly creditors of Oi who agree to participate in a proposed capital injection, Nasr said.

BRIEF-Align Technology enters agreement to buy four parcels of real estate

Dec 23 U.S. energy companies added oil rigs for an eighth week in a row, extending a seven-month drilling recovery as crude prices remained near a 17-month high. Drillers added 13 oil rigs in the week to Dec. 23, bringing the total count up to 523, the most since December 2015, but still below the 538 rigs seen a year ago, energy services firm Baker Hughes Inc said on Friday.

BRIEF-Neovasc announces update in litigation with Cardiaq

Dec 23 U.S. energy companies added oil rigs for an eighth week in a row, extending a seven-month drilling recovery as crude prices remained near a 17-month high. Drillers added 13 oil rigs in the week to Dec. 23, bringing the total count up to 523, the most since December 2015, but still below the 538 rigs seen a year ago, energy services firm Baker Hughes Inc said on Friday.