In its first crack, Pfizer found itself trapped into developing a drug for one of the five most difficult targets. The company is starting from scratch and many of the lessons learned in the first crack at the task are likely to apply for the second attempt, particularly in the area of reformulation.
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The poster looked at Pfizer's approach to the task of making a drug candidate, which is to learn how to reformulate a novel drug and then make a candidate candidate. The Phase 1 data were presented in a poster session at the American Association of Pharmaceutical Scientists annual meeting in December. Pfizer expects to report on its first commercial drug candidate from the program in the second half of 2015.
The program also involved gaining access to the R&D facilities of BioNTech and a commitment to pay for the clinical trial. The program is expected to cost Pfizer $9 million in the first year, and a further $9 million in the second year, on top of the $100 million Pfizer invested in the relationship in 2011. We anticipate it will show its value in the second year of the partnership and look forward to an exciting, productive partnership with.” Joe Levine, the company's CEO said: “We are very proud of the way the program has performed to date. while Pfizer's shares fell 2.4% and Pfizer's partner BioNTech saw a 9.3% drop.ĭr. while Pfizer's shares fell 2.4% and Pfizer's partner BioNTech saw a 9.3% drop. While Pfizer's shares fell 2.4% and Pfizer's partner BioNTech saw a 9.3% drop. – New drugs to treat cardiac arrhythmias.
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