Health
Subscribe To This Feed  View All

Pharma giant Pfizer to end research into drugs for Alzheimer's, Parkinson's

iStock/Thinkstock(NEW YORK) -- One of the world's largest pharmaceutical companies is ending its research into new drugs for Alzheimer's and Parkinson's disease.

Pfizer announced it is shuttering the company’s neuroscience program. At least 300 jobs are expected to be eliminated, primarily at facilities in Cambridge and Andover in Massachusetts, as well as Groton, Connecticut, according to Bloomberg.

The New York-based pharmaceutical giant said it will continue its support of tanezumab, a late-stage pain treatment in development with Eli Lilly & Co., and the fibromyalgia drug Lyrica.

The company said it plans to start a venture fund dedicated to neuroscience, according to Bloomberg.
  
Copyright © 2018, ABC Radio. All rights reserved.

Hide Comments



God Bless America & Our Home Louisiana

970 KSYL On Air Now
George Noory
George Noory
12:00am - 5:00am
Coast To Coast AM
Kim Komando

Click For Kim Komando's Daily Tip!!

RM Worls Travel

Saturday's @ Noon!

Kdixie.com

The Best Of The 60's & 70's

Now On Air At 100.3 HD2

Or Click The Logo Above

To Listen.

 

State Wire
North Rapides Business & Industry Alliance

Weekends

 

All Weekend Long

It's a

Political Free Zone!

Resources
LinkedUpRadio Envisionwise Web Services