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Financial Review
Pfizer Inc. and Subsidiary Companies
26
2012 Financial Report
research primarily focuses on five high-priority areas that have a mix of small and large molecules—immunology and inflammation; oncology;
cardiovascular and metabolic diseases; neuroscience and pain; and vaccines. In addition to reducing the number of disease areas of focus,
we have realigned and reduced our research and development footprint and outsourced certain functions that do not drive competitive
advantage for Pfizer.
Our development pipeline, which is updated quarterly, can be found at www.pfizer.com/pipeline. It includes an overview of our research and a
list of compounds in development with targeted indication, phase of development and, for late-stage programs, mechanism of action. The
information currently in our development pipeline is accurate as of February 28, 2013.
The following series of tables provides information about significant regulatory actions by, and filings pending with, the FDA and regulatory
authorities in the EU and Japan, as well as additional indications and new drug candidates in late-stage development.
RECENT FDA APPROVALS
PRODUCT INDICATION DATE APPROVED
Eliquis (Apixaban)(a) Prevention of stroke and systemic embolism in patients with nonvalvular atrial
fibrillation
December 2012
Xeljanz (Tofacitinib) Treatment of moderate-to-severe active rheumatoid arthritis November 2012
Bosulif (Bosutinib) Treatment of previously treated chronic myelogenous leukemia September 2012
Lyrica (Pregabalin) Capsules CV Treatment of neuropathic pain due to spinal cord injury June 2012
Elelyso (Taliglucerase Alfa)(b) Treatment of adults with a confirmed diagnosis of type 1 Gaucher disease May 2012
Inlyta (Axitinib) Treatment of advanced renal cell carcinoma after failure of one prior systemic
therapy
January 2012
(a) This indication for Eliquis (apixaban) was developed and is being commercialized in collaboration with BMS.
(b) In November 2009, we entered into a license and supply agreement with Protalix BioTherapeutics, which provides us exclusive worldwide rights, except in
Israel, to develop and commercialize Elelyso (taliglucerase alpha) for the treatment of Gaucher disease.
PENDING U.S. NEW DRUG APPLICATIONS (NDA) AND SUPPLEMENTAL FILINGS
PRODUCT INDICATION DATE FILED*
Bazedoxifene-conjugated
estrogens
Treatment of symptoms associated with menopause and osteoporosis December 2012
Tafamidis meglumine(a) Treatment of transthyretin familial amyloid polyneuropathy (TTR-FAP) February 2012
Genotropin(b) Replacement of human growth hormone deficiency (Mark VII multidose disposable
device)
December 2009
Celebrex(c) Chronic pain October 2009
Remoxy(d) Management of moderate-to-severe pain when a continuous, around-the-clock
opioid analgesic is needed for an extended period of time
August 2008
Spiriva(e) Respimat device for chronic obstructive pulmonary disease January 2008
Viviant(f) Osteoporosis treatment and prevention August 2006
* The dates set forth in this column are the dates on which the FDA accepted our submissions.
(a) In May 2012, the FDA's Peripheral and Central Nervous System Drugs Advisory Committee voted that the tafamidis meglumine data provide substantial
evidence of efficacy for a surrogate endpoint that is reasonably likely to predict a clinical benefit. In June 2012, the FDA issued a “complete response” letter with
respect to the tafamidis NDA. The FDA has requested the completion of a second efficacy study and also has asked for additional information on the data within
the current tafamidis NDA. We are continuing to work with the FDA to define a path forward.
(b) In April 2010, we received a “complete response” letter from the FDA for the Genotropin Mark VII multidose disposable device submission. In August 2010, we
submitted our response to address the requests and recommendations included in the FDA letter. In April 2011, we received a second “complete response”
letter from the FDA, requesting additional information. We are working to address the FDA's requests for additional information.
(c) In June 2010, we received a “complete response” letter from the FDA for the Celebrex chronic pain supplemental NDA. The supplemental NDA remains
pending while we await the completion of ongoing studies to determine next steps.
(d) In 2005, King entered into an agreement with Pain Therapeutics, Inc. (PT) to develop and commercialize Remoxy. In August 2008, the FDA accepted the NDA
for Remoxy that had been submitted by King and PT. In December 2008, the FDA issued a “complete response” letter. In March 2009, King exercised its right
under the agreement with PT to assume sole control and responsibility for the development of Remoxy. In December 2010, King resubmitted the NDA for
Remoxy with the FDA. In June 2011, we and PT announced that a “complete response” letter was received from the FDA with regard to the resubmission of the
NDA. We have been working to address the issues raised in the letter, which primarily relate to manufacturing. We have analyzed the results from two, recently
completed bioavailability studies, as well as data from other experiments that were conducted to optimize the formulation composition and analytical methods
for Remoxy. While we have gained important insights from this work, in the fourth quarter of 2012 we initiated a confirmatory bioavailability study to assess the
pharmacokinetic profile of modified Remoxy formulation compositions. Preliminary results from the initial phase of this study are undergoing analysis. We
believe the results of this study will provide us with greater clarity as to whether or not we will be able to adequately address the questions raised in the
“complete response” letter received from the FDA. We continue to target a late-March 2013 meeting with the FDA to discuss our plan to address the June 2011
“complete response" letter.
(e) Boehringer Ingelheim (BI), our alliance partner, holds the NDAs for Spiriva Handihaler and Spiriva Respimat. In September 2008, BI received a “complete
response” letter from the FDA for the Spiriva Respimat submission. The FDA is seeking additional data, and we are coordinating with BI, which is working with
the FDA to provide the additional information. A full response will be submitted to the FDA upon the completion of planned and ongoing studies.