Can Pfizer Perform Without Viagra?

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Pfizer’s fertile days were over with Viagra when they lost a portfolio of drugs no longer protected by patents. In the aftermath of generic launches by Mylan (MYL) and Teva (TEVA), Viagra sales plunged 73% in 2018.

History

Pfizer Inc. (PFE),https://investors.pfizer.com/investors-overview/default.aspx one of the biggest pharmaceutical companies in terms of market value, was started in 1849 by cousins Charles Pfizer and Charles Erhart from Germany in their mid-20’s as a fine-chemicals company.

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As demand for painkillers and disinfectants was propelled by the Civil War, Pfizer expanded its production.

Acquisitions/Ventures

Pfizer recently closed its joint venture with GlaxoSmithKline (GSK) for a consumer health care business comprised of their over-the-counter products. Pfizer owns 32%; GSK owns 68%.

In July, 2019, Pfizer unveiled a plan to merge its Upjohn unit with Mylan (MYL). Upjohn previously belonged to Pharmacia & Upjohn before being acquired by Pfizer. Upjohn and Mylan will form a new company which will now include the drugs that lost their patent status.

Partners Pfizer and Sangamo Therapeutics (SGMO) announced promising data for their hemophilia gene therapy. Hemophilia A occurs when a patient doesn’t make enough of a clotting protein.

Earlier in 2019, Pfizer will spend $ll.4 Billion to acquire the biotech company, Array, focused on cancer treatments, which is their biggest acquisition since 2016.

Rare-disease drugs have been a struggle for Pfizer, but in May 2019 they gained approval for two drugs – a treatment for a rare disease in which unusual protein builds up in the heart. They also announced a $810 Million plan to buy Therachon Holdings, a private biotech working on several rare-disease treatments.

The FDA granted priority review for Astellas Pharma Inc. and Pfizer for Xtandi, currently for the treatment of castration prostrate cancer.

August 21, 2019, Pfizer said it will invest approximately $500 Million to build a gene-therapy manufacturing facility in Sanford, N.C., which will boost its ability to supply scale quantities of gene-therapy medicines.

Mom’s Takeaway

Across all products, Pfizer generated $53.65 Billion in total sales, growing 2%. They had 10 drugs – Pneumonia vaccine, a fibromyalgia drug and a cancer treatment – that brought in $1 billion in sales.

In 2019 Pfizer reorganized itself into three new segments – biopharma, Upjohn and consumer health care.

A great dividend and aging population; Pfizer is probably right for the long term investment. As the biggest pharma company, Pfizer is well diversified and sales have grown for the last 7 out of 8 quarters. Pfizer has swallowed the generic pill launches and has moved on with a vigorous agenda of collaborations!

ARE YOU A BULL or a BEAR ?

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September 9, 2019 – Stock: Pfizer – Share price was $36.50

If you’re a Bullish Mom and think PFE will go up, try the December 20 Expiration Date – CALL $36.00 Bid;  and $35.00 prices.  Premium is 73¢ debit to pay = Long Call Vertical Spread on  www.TDAmeritrade.com

On the other hand, Mom, if you think PFE is bearish and will go down, try the Expiration Date December 20 – PUT $ 36.00 Ask;  and $35.00 Bid strike prices. Premium is 40¢ debit to pay = Long Put Vertical Spread on www.TastyWorks.com

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