Pfizer has transferred global rights for the VEPPANU drug to Rigel Pharmaceuticals, maintaining an economic stake amid growing financial pressures. The company anticipates a revenue decline of approximately $1.5 billion in 2026 due to product exclusivity losses, with projected total revenues between $59.5 billion and $62.5 billion, down from $62.6 billion in 2025. Despite these challenges, Pfizer's stock has risen by 4.3% this year, though its forward earnings remain notably lower than the industry average.
“Arvinas and Pfizer · will receive · an upfront payment of $70.0 million and an additional $15.0 million · upon successful completion of certain development and manufacturing transition activities”