Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Watch Live

National

Pfizer Stock Drops on Drug Development News

Shares of the world's biggest drugmaker -- Pfizer -- dipped following the company's weekend announcement that it will halt development of a new heart disease remedy after unexpected trial results.

Pfizer officials were banking on the drug torcetrapib to be an important part of the company's future growth.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Advertisement

Fact-based local news is essential

KPBS keeps you informed with local stories you need to know about — with no paywall. Our news is free for everyone because people like you help fund it.

Support local independent journalism now.