Pfizer (NYSE:PFE) Involved In Lawsuit Over US$45 Per Share Cerevel Acquisition
In recent developments, a class action lawsuit was filed against Cerevel Therapeutics, Bain Capital Investors, and Pfizer, citing alleged securities violations related to Cerevel’s stock offering. This legal issue may have influenced Pfizer’s recent stock activity, where shares fell 9% over the past week. Additionally, broader market dynamics played a role, as major indices plunged amidst fears of a trade war with China, affecting investor sentiment and contributing to the general downturn. While Pfizer also received marketing authorization for its RSV vaccine in Europe, these positive news items were overshadowed by the pervasive market setbacks, driving the stock decline.
Over the last year, Pfizer’s total shareholder return, which includes share price and dividends, recorded an 8.44% decline. This figure underperformed both the broader US market, which saw a 3.3% return, and the US Pharmaceuticals industry, which experienced a more modest decline of 4.3%. Contributing to this performance were several key events and developments.
Pfizer’s financial health was underscored by its earnings report for the year ending December 31, 2024, which showed full-year revenue growth to US$63.63 billion and net income rising to US$8.03 billion. Despite this, investor sentiment was affected by activism, as seen in March 2025 with shareholder proposals challenging management pay. Product innovations in breast cancer and colorectal cancer treatments were met with positive regulatory news from the FDA, yet challenges persist with legal issues, including a notable lawsuit around Cerevel Therapeutics. These factors collectively influenced Pfizer’s share performance over the year.
Evaluate Pfizer’s historical performance by accessing our past performance report.
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