On Thursday, Shares of Pfizer Inc. (NYSE:PFE), gained 1.15% to $34.37, as Health care stocks finished mostly higher Thursday with the NYSE Health Care Sector Index adding 1.2% and shares of health care companies in the S&P 500 climbing over 1.5% as a group.
Pfizer Inc, declared the top line results from a Phase 3 study which evaluated the efficacy, safety, and tolerability of Pristiq® (desvenlafaxine succinate sustained-release formulation) in pediatric patients ages 7 to 17 with Major Depressive Disorder (MDD).
The study did not meet its primary objective to demonstrate superior efficacy of desvenlafaxine succinate sustained-release formulation contrast to placebo.
This is the first accomplished study of four Phase 3 pediatric trials being conducted as part of an FDA post-marketing commitment under the Pediatric Research Equity Act (PREA).
Pfizer Inc., a biopharmaceutical company, discovers, develops, manufactures, and sells healthcare products worldwide. The company operates through Global Innovative Pharmaceutical (GIP); Global Vaccines, Oncology and Consumer Healthcare (VOC); and Global Established Pharmaceutical (GEP) segments.
Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA), inclined 1.01% to $33.02, during its last trading session.
The Board of Twenty-First Century Fox, declared a series of senior administration changes, which will take effect July 1, 2015.
Rupert Murdoch, the Company’s founder and Chairman and CEO, together with Lachlan Murdoch, presently Co-Chairman, will become Executive Co-Chairmen.
Chase Carey, the Company’s Deputy Chairman, President and COO since 2009, will become the Executive Vice Chairman and serve in that role through June 30, 2016.
James Murdoch, presently Co-Chief Operating Officer, will become Chief Executive Officer.
In conjunction with these changes, the Company’s corporate functions, and its global television and film operations will now jointly report to Lachlan and James Murdoch.
Twenty-First Century Fox, Inc. operates as a diversified media and entertainment company worldwide. It operates through Cable Network Programming, Television, Filmed Entertainment, and Direct Broadcast Satellite Television segments.
Finally, Goodrich Petroleum Corp. (NYSE:GDP), ended its last trade with -11.11% loss, and closed at $1.76, after the oil company’s price target was lowered to $4 from $7 by analysts at SunTrust recently.
The firm maintained its “buy” rating on the company’s stock.
The new price target still represents a potential upside 123% from the stock’s current price.
Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. The company holds interest in the Tuscaloosa Marine Shale located in southwest Mississippi and southeast Louisiana; the Eagle Ford Shale Trend located in South Texas; and the Haynesville Shale Trend in Northwest Louisiana and East Texas.
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