American pharmaceutical giant Pfizer has stopped selling one of its lucrative vaccines for children in China, the company said. Pfizer gave no explanation for stopping its sales of the Prevnar vaccine, which helps prevent infections such as pneumonia, which killed an estimated 935,000 children under the age of five globally in 2013, according to the World Health Organization. "Based on a careful assessment of this situation, we have decided to cease our vaccines commercial operations in China at this time, effective immediately," a spokeswoman said in an email Thursday, adding that the drug's import license had expired. Pfizer anticipates a shortage of Prevnar in China before the sale of a new vaccine can begin. Prevnar vaccines generated $4.5 billion in revenue last year for Pfizer. They are the second largest contributor to the company's revenues, according to Pfizer's annual report. The spokeswoman said that the other activities of the company, which employs about 9,000 people in China, were not affected. China is one of Pfizer's largest markets after the US and Canada. About 200 positions at the company will be affected by the end of the vaccine sale. The setback comes as pharmaceutical companies have struggled to gain Chinese authorities' approval for many of their drugs. Pfizer said it is in talks with Chinese regulators to register and provide an improved vaccine "as soon as possible."
- Yahoo Sports
DEA agent who helped put Viktor Bout behind bars slams Brittney Griner swap: ‘We couldn’t even get two people for the world’s most notorious weapons trafficker’
Foreign policy experts warn the release of Viktor Bout could incentive future kidnappings of Americans.
- BuzzFeed News
Prince Harry Said The Royal Family Didn’t Think His Relationship With Meghan Markle Would Last Because She Was An Actor
“The fact that I was dating an American actress was probably what clouded their judgment more than anything else at the beginning.”View Entire Post ›
- Women's Health
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- The Telegraph
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- NBC News
Former President Donald Trump declined Thursday to appeal a court order ending his lawsuit challenging the FBI’s seizure of documents from his Mar-a-Lago
- Rolling Stone
The GOP is condemning the president for securing the release of the WNBA star while former Marine Paul Whelan remains imprisoned in Russia
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- The Week
The rumored reason why AOC is facing a House ethics probe
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- Kansas City Star
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- Fox News
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- Business Insider
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And they've got strong feelings about her line of work.
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- NBC News
FedEx driver allegedly told investigators Texas girl was still alive after he struck her with vehicle
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- Kansas City Star
The fight between the teacher and student happened in the middle school classroom
- NBC Sports Boston
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- Lebron Wire
Warriors superstar Stephen Curry gave his all-time starting five - but it didn't include LeBron James.
- Fighting Irish Wire
You gotta be bleepin' me.