Pfizer Inc. reports developments across its global biopharmaceutical business, including prescription medicines, vaccines, biosimilars, sterile injectables, and oncology therapies. Recurring news covers financial results and guidance, commercial portfolio changes within Biopharma, dividend declarations, capital allocation priorities, and product access initiatives for established medicines such as Eliquis.
Company updates also address clinical and regulatory activity across Pfizer's pipeline and marketed products. Recent themes include oncology data presentations, Phase 3 results for ELREXFIO in relapsed or refractory multiple myeloma, PADCEV combination regulatory activity in bladder cancer, VYNDAMAX patent litigation settlements, and shareholder meeting communications.
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Pfizer Inc. (NYSE: PFE) has announced a quarterly cash dividend of $0.41 per share for the second quarter of 2023. This dividend will be payable on June 9, 2023, to shareholders recorded by the close of business on May 12, 2023. This marks the 338th consecutive quarterly dividend paid by the company, highlighting its long-standing commitment to returning value to its shareholders. Pfizer continues to focus on bringing innovative therapies to the market and maintaining a robust financial position.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) for Blue Whale Re Ltd., with a stable outlook. The ratings reflect Blue Whale's very strong balance sheet strength and strong operating performance, highlighting its role as the only captive insurer for org value="NYSE:PFE"Pfizer. Blue Whale insures Pfizer’s global property exposures, enhancing its enterprise risk management.
The company maintains substantial net property retentions and a diverse reinsurance program. Despite its low average loss ratios, it has moderate volatility in key metrics due to high retentions. Negative rating action could arise if Pfizer's support for Blue Whale diminishes.
Pfizer Inc. (NYSE: PFE) invites shareholders and the public to its virtual-only 2023 Annual Meeting of Shareholders on April 27, 2023, at 9:00 a.m. EDT. Shareholders can access the meeting via this link. Registration opens today, and shareholders may log in starting at 8:45 a.m. EDT. Questions can be submitted in advance until 5:00 p.m. EDT on April 25. Guests can join in listen-only mode. A replay will be available for up to one year at investors.pfizer.com.