JAN 29, 2018 8:08 AM PST

Pfizer Ends Research on Alzheimer's and Parkinson's


Pharma giant Pfizer, the maker of the blockbuster drug Viagra, announced recently that it would no longer continue to investigate medications for Parkinson's disease and Alzheimer's disease. While there has been very little progress on drugs to treat Alzheimer's related dementia and Parkinson's disease, the fact is that these two neurodegenerative conditions affect millions of patients nationwide and globally. While drug companies often are hesitant to put time and money into the development of drugs for "orphan" diseases that don't impact many patients, this move, to halt research into two conditions that are prevalent and on the rise is significant.

A statement from the company explained that the goal was to "reallocate spending across our portfolio, to focus on those areas where our pipeline and our scientific expertise is strongest." While recent political measures have allowed corporations the freedom to plow tax cuts back into research, Pfizer has chosen to take those benefits and use them to buy back stock from investors. Pfizer has indicated that they will be establishing a "Neuroscience Fund" later this year that will be strictly earmarked for research into dementia, Parkinson's and Alzheimer's, however, it's not known yet what kinds of efforts that fund will cover.
About the Author
  • I'm a writer living in the Boston area. My interests include cancer research, cardiology and neuroscience. I want to be part of using the Internet and social media to educate professionals and patients in a collaborative environment.
You May Also Like
DEC 10, 2020
Plants & Animals
3M Helps Solve Polar Bear Tracking Problem
DEC 10, 2020
3M Helps Solve Polar Bear Tracking Problem
As climate change continues to alter the Arctic landscape, polar bear research becomes more urgent. Observing animals in ...
DEC 24, 2020
Chemistry & Physics
Novel Two-phased Particles are the Ultimate Authenticity Tag
DEC 24, 2020
Novel Two-phased Particles are the Ultimate Authenticity Tag
Counterfeit goods producers are flooding the global market with low-quality, sometimes dangerous merchandise and ripping ...
MAR 14, 2021
Immunology
How Are Allergies Developed?
MAR 14, 2021
How Are Allergies Developed?
You might have experienced it yourself or met someone that can not eat a certain food or can not take a specific medicat ...
MAR 09, 2021
Plants & Animals
Sea Slug Shows Extreme Case of Regeneration
MAR 09, 2021
Sea Slug Shows Extreme Case of Regeneration
Some of the most interesting—and possibly strangest—scientific discoveries happen by accident. According to ...
JUL 03, 2021
Space & Astronomy
Size of Planet Iron Core Depends on Star Magnetism
JUL 03, 2021
Size of Planet Iron Core Depends on Star Magnetism
Researchers led by the University of Maryland have found that the sun's magnetic field is the reason behind the larg ...
JUL 16, 2021
Earth & The Environment
Melting Mountain Glaciers in Asia Release Greenhouse Gas
JUL 16, 2021
Melting Mountain Glaciers in Asia Release Greenhouse Gas
High mountain glaciers that are melting in the Tibetan plateau in Asia contain greenhouse gases and should be counted in ...
Loading Comments...