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Pfizer Signals Waning Interest In Biosimilars

 
• By Jessica Merrill

Despite commercial success in biosimilars, Pfizer said it is more interested in investing in innovative therapeutics.

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Pfizer suggested it is losing interest in biosimilars • Source: Alamy

Pfizer Inc. appears to be deprioritizing investment in biosimilars despite some commercial success in the area with a portfolio of oncology drugs. The company is more interested in investing in innovative therapeutics, biopharmaceuticals group president Angela Hwang said during the company's second quarter sales and earnings call on 28 July.

"Since we've made this pivot to a pure play, sort of innovation focus in our pipeline, we are really now...

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