JAN 29, 2018 08:08 AM PST

Pfizer Ends Research on Alzheimer's and Parkinson's

2 23 1577

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
JUL 01, 2018
Videos
JUL 01, 2018
Can The Northern Lights Lead To A Global Catastrophe?
The aurora of the Northern Lights is created due to two things that begin from the sun: solar wind and the magnetosphere. Around the surface of the sun, li
JUL 18, 2018
Videos
JUL 18, 2018
Brain Differences in Men and Women
Men and women are different, of that there is no doubt. In neuroscience, there has been a lot of research into these differences, as they relate to treatin
JUL 23, 2018
Videos
JUL 23, 2018
Rare Diseases That Changed Medicine
In the US, a disease is considered rare when it affects fewer than 200,000 people in the whole country. But, in Europe, a disease is considered rare when i
JUL 29, 2018
Space & Astronomy
JUL 29, 2018
Algae in Space: A Potential Food and Fuel Source?
During SpaceX’s recent CRS-15 launch, a mission to resupply the International Space Station with fresh supplies, the commercial space company’s
AUG 04, 2018
Videos
AUG 04, 2018
A Radical New Approach to Treating Neurodegeneration
The pathways that neural impulses travel can't be retrieved once they're lost... or can they?
AUG 08, 2018
Videos
AUG 08, 2018
Pesticide Use in Cannabis Farming
What's the first thing you do when you get home with freshly bought fruits and vegetables? You wash them off to make sure they are clean and free of re
Loading Comments...