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price cut, Amgen's Ozempic competitor, and Big Pharma's tax cut: Pharma news roundup","url":"https://stock-news.laohu8.com/highlight/detail?id=2517100948","media":"Quartz","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517100948?lang=en_us&edition=fundamental","pubTime":"2025-03-07 18:00","pubTimestamp":1741341600,"startTime":"0","endTime":"0","summary":"Graphic: Images: George Frey / Stringer, Mario Tama / Staff, Scott Olson / Staff, Dia Dipasupil / Staff. Novo Nordisk just cut the price of its weight-loss drug, Wegovy, by more than half for patients who pay without insurance. Amgen  announced this week that it has begun two late-stage clinical trials for its experimental weight-loss drug, MariTide. And Big Pharma is lobbying for a tax break that would have saved it at least $15 billion in 2023.Check out those stories and more pharmaceutical news highlights from this week.Big Pharma wants to bring back a tax break that could save it $15 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: Berenberg Cuts Target Price to $28 From $29","url":"https://stock-news.laohu8.com/highlight/detail?id=2517120567","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517120567?lang=en_us&edition=fundamental","pubTime":"2025-03-07 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Inc. Stock Outperforms Competitors On Strong Trading Day","url":"https://stock-news.laohu8.com/highlight/detail?id=2517411634","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517411634?lang=en_us&edition=fundamental","pubTime":"2025-03-07 05:35","pubTimestamp":1741296900,"startTime":"0","endTime":"0","summary":"This article was automatically generated by MarketWatch using technology from Automated Insights.Shares of Pfizer Inc.  rallied 1.16% to $26.24 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index  falling 1.78% to 5,738.52 and Dow Jones Industrial Average  falling 0.99% to 42,579.08.This was the stock's second consecutive day of gains.Pfizer Inc. closed 16.80% short of its 52-week high of $31.54, which the company achieved on July 30th.The stock outperformed some of its competitors Thursday, as Johnson & Johnson  rose 0.43% to $165.83, Eli Lilly & Co.  fell 1.82% to $912.76, and Abbott Laboratories  fell 1.91% to $135.08.Trading volume  eclipsed its 50-day average volume of 40.0 M.Data source: Dow Jones Market Data, FactSet. Data compiled March 6, 2025.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["PFE"],"gpt_icon":1},{"id":"2517115293","title":"Big Pharma wants to bring back a tax break that could save it $15 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2517115293","media":"Quartz","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517115293?lang=en_us&edition=fundamental","pubTime":"2025-03-07 05:00","pubTimestamp":1741294800,"startTime":"0","endTime":"0","summary":"A pharmacy technician grabs a bottle of drugs off a shelve at the central pharmacy of Intermountain Heathcare on September 10, 2018 in Midvale, Utah. - Image: George Frey / Stringer . Big Pharma is pushing to bring back a tax break that could have saved them at least $15.4 billion in 2023 alone, according to a new analysis by Americans for Tax Fairness  and Lower Drug Prices Now .The tax break in question allows companies to deduct research and development (R&D) costs in the year they are incurred. The provision went into effect with the passing of Trump’s 2017 tax law — the Tax Cuts and Jobs Act, much of which is set to expire at the end of this year.Looking at 2024's numbers, R&D spending rose 22% in 2024 compared with 2021.R&D expensing allows companies to deduct the full cost of research in the year it’s spent, even if the product or project is expected to yield returns over many years. But, starting in 2022firms had to spread those deductions over five years, treating them like ot","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/big-pharma-wants-bring-back-210000417.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["LU0203345920.USD","LU1280957306.USD","LU1267930813.SGD","ABBV","LU2242652126.USD","SG9999017495.SGD","LU2430703251.USD","LU2264538146.SGD","AMGN","LU1032466523.USD","LU1116320737.USD","LU1934455863.HKD","LU1868837136.USD","LU1037948541.HKD","LU1935042991.SGD","LU1868836591.USD","LU0471298694.HKD","SG9999015358.SGD","LU0289739699.SGD","LU0965509010.AUD","LU1057294990.SGD","LU0211331839.USD","SG9999015341.SGD","LLY","LU0098860793.USD","BK4532","LU0672654240.SGD","LU0256863902.USD","LU0345769631.USD","LU0198837287.USD","LU1974910355.USD","SG9999014542.SGD","LU1059921491.USD","BK4568","LU2211815571.USD","SGXZ57979304.SGD","LU1116320901.HKD","MRK","JNJ","LU2592432038.USD","PFE","IE00BFTCPJ56.SGD","BK4533","LU0106261372.USD","GILD","LU0553294199.USD","LU0949170772.SGD","BMY","LU0640476718.USD","LU0345770993.USD"],"gpt_icon":1},{"id":"2517194602","title":"Pfizer appoints former J&J executive to lead obesity drug development","url":"https://stock-news.laohu8.com/highlight/detail?id=2517194602","media":"Reuters","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517194602?lang=en_us&edition=fundamental","pubTime":"2025-03-07 03:25","pubTimestamp":1741289106,"startTime":"0","endTime":"0","summary":"UPDATE 2-Pfizer appoints former J&J executive to lead obesity drug developmentAdds background throughout","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250306:nL3N3PP1MP:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IE0002141913.USD","LU0868494617.USD","IE00BVYPNV92.GBP","LU2112291526.USD","IE00B1BXHZ80.USD","LU0306807586.USD","LU1066051225.USD","IE00B42XCP33.USD","IE00B2B36J28.USD","SG9999011175.SGD","LU0321505868.SGD","LU0466842654.USD","LU1061106388.HKD","LU1221951046.USD","IE00B19Z3581.USD","LU0058720904.USD","SG9999001440.SGD","JNJ","LU1585245621.USD","LU1935042991.SGD","IE00B3PB1722.GBP","LU2505996681.GBP","LU0882574055.USD","LU1023059063.AUD","IE00BSNM7G36.USD","LU1280957306.USD","LU0792757196.USD","LU1914381329.SGD","LU0321505439.SGD","LU2602419157.SGD","LU1074936037.SGD","LU1506573853.SGD","IE00B4R5TH58.HKD","LU0795875086.SGD","PFE","LU1032466523.USD","BK4599","LU2089984988.USD","LU0122379950.USD","IE00BLSP4239.USD","IE0009355771.USD","LU1261432733.SGD","SG9999003800.SGD","LU1430594728.SGD","BK4007","IE00BFTCPJ56.SGD","LU0225771236.USD","LU2592432038.USD","IE0034235303.USD","LU1894683264.USD"],"gpt_icon":1},{"id":"2517917341","title":"Pfizer appoints James List to lead development of obesity medicines","url":"https://stock-news.laohu8.com/highlight/detail?id=2517917341","media":"Reuters","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517917341?lang=en_us&edition=fundamental","pubTime":"2025-03-07 03:10","pubTimestamp":1741288230,"startTime":"0","endTime":"0","summary":"Pfizer appoints James List to lead development of obesity medicines   March 6  - Pfizer PFE.N on Thursday named James List as the head of the drugmaker's Internal Medicine portfolio, which includes development of cardiovascular and obesity medicines.       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It also secured a legal victory in a patent dispute against Pfizer PFE and BioNTech BNTX.In a couple of regulatory filings with the SEC, it was revealed that Moderna’s CEO Stephane Bancel and director Paul Sagan acquired common stock worth $6 million.On Monday, Bancel acquired 160,314 shares worth $5 million through a firm, named Boston Biotech Ventures, LLC, which was controlled by him. The same day, board member Sagan acquired 31,620 shares, valuing the stock at around $1 million.Year to date, Moderna’s shares have lost more than 15% against the industry’s 6% growth.However, the court rejected this defense, ruling that Moderna had formally revoked its permission in March 2022. This meant that Pfizer and BioNTech’s continued use of the patent beyond that date was unauthorized, entitling Moderna to compensation. 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The court ordered BNTX and PFE to furnish information about the revenue that it generated from selling their mRNA vaccine, Comirnaty. Moderna is seeking damages based on all sales of Comirnaty over the last three years.A scientist surrounded by vials and beakers in a modern laboratory, proudly displaying a vaccine.The amounts that Pfizer and BioNTech will have to pay Moderna have not yet been determined.Last night, two purchases of Moderna's stock by a firm controlled by MRNA CEO Stephane Bancel were reported. Bancel's company, called Boston Biotech Ventures, bought 102,821 shares for an average price of $31.04.In the last three months, the shares have sunk 21.5%, while they are down 21.5% so far in 2025. 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