Pfizer to Invest $1 Billion in China Over Five Years to Boost Drug Development [Yahoo! Finance]
Pfizer, Inc. (PFE)
Last pfizer, inc. earnings: 4/28 06:45 am
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Source: Yahoo! Finance
Jean-Christophe Pointeau, president of Pfizer China, revealed the promise at the 7th China International Import Expo, which took place Nov. 5 at the National Convention and Exhibition Center in Shanghai. Warning! GuruFocus has detected 7 Warning Signs with PFE. Pointeau presented the "Pfizer China 2030 Strategy," which details how the business would concentrate on accelerating innovation, enhancing diagnostic capabilities and treatment standards, and supporting local biotechnology sector development between 2025 and 2030. This strategy backs the "Healthy China 2030" campaign of the Chinese government. Integrating China into early and late-stage clinical trials of novel medications and vaccines, Pfizer's new research and development facility in Beijing will be essential component of the company's worldwide drug development strategy. By 2030, Pointeau said Pfizer wants to provide 60 novel medications and new indications to the Chinese market. The approach calls for working with
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PFE
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PFE
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- 11/1/24 - Form 4
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