Pfizer Explores Options for Some Rare Disease, Cancer Drugs

Pfizer Explores Options for Some Rare Disease, Cancer Drugs

(Reuters) – Pfizer Inc is exploring choices for some early-stage therapies for uncommon ailments and most cancers in a bid to concentrate on “high-impact” medicines and vaccines, the corporate stated on Thursday.

The U.S. drugmaker stated these choices included collaborations with different drug builders for these medicines, or establishing a brand new firm.

Pfizer now plans to concentrate on internally growing uncommon illness therapies utilizing applied sciences comparable to gene enhancing, it stated, whereas exploring exterior alternatives for early-stage gene remedy packages and its cancer-focused analysis facility in Boulder, Colorado.

It could additionally search to externally advance its gene remedy facility in Durham, North Carolina, the drugmaker stated.

That might free the corporate, which has been investing closely in its inner pipeline of medicines and hanging offers to spice up income, to focus its inner portfolio of experimental therapies to areas the place the corporate thinks it’s “best-positioned”.

“We consider these actions will place us to guide the trade in reaching extra sufferers,” an organization spokesperson stated in an emailed assertion, including that relying on the externalization approaches taken, Pfizer could keep ties to a few of these packages by means of strategic investments.

Pfizer in August 2022 introduced a $5.four billion deal for sickle cell illness drugmaker International Blood Therapeutics, months after its $11.6 billion deal for Biohaven Pharmaceutical Holding.

Monetary newspaper Barron’s first reported on Pfizer’s plans on Thursday.

(Reporting by Manas Mishra, Akriti Sharma, Abinaya Vijayaraghavan and Shubhendu Deshmukh in Bengaluru; Further reporting by Akanksha Khushi; Enhancing by Sherry Jacob-Phillips and Nivedita Bhattacharjee)

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