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PFIZER INC

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

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FY2025 · Filed Feb 26, 2026

PFE$29.39-1.6%Stored close · as of Nov 6, 2026

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Contents

Product Developments

A comprehensive update of Pfizer’s development pipeline was published as of February 3, 2026 and is available atwww.pfizer.com/science/drug-product-pipeline. It includes an overview of our research and a list of compounds in development with targeted indication and phase of development, as well as mechanism of action for some candidates in Phase 1 and all candidates from Phase 2 through registration.

This section provides information as of the date of this filing about significant marketing application-related regulatory actions by, and filings pending with, the FDA and regulatory authorities in the EU and Japan.

The table below generally includes filing and approval milestones for products that have occurred in the last twelve months and does not include approvals that may have occurred prior to that time. The table includes filings with regulatory decisions pending (even if the filing occurred outside of the last twelve-month period).

PRODUCTINDICATION OR PROPOSED INDICATIONAPPROVED/FILED^
U.S.EUJAPAN
Nurtec ODT/Vydura(rimegepant)Acute treatment of migraine with or without aura in adultsApprovedFebruary2020Approved April 2022ApprovedSeptember 2025
Prevention of episodic migraine in adultsApprovedMay2021Approved April 2022Approved September 2025
Abrysvo(Vaccine)Active immunization for the prevention of lower respiratory tract disease caused by RSV in individuals 18-59 years of age who are at increased risk of lower respiratory tract disease caused by RSVApprovedOctober2024ApprovedMarch2025
Velsipity (etrasimod)Moderately to severely active UC in adultsApprovedOctober2023ApprovedFebruary2024Approved June 2025
Braftovi (encorafenib),Erbitux® (cetuximab) and mFOLFOX6(a)First-line BRAFV600E-mutant mCRCApprovedDecember 2024FiledNovember2025ApprovedNovember2025
Hympavzi(marstacimab-hncq)Adults and pediatric patients 12 years of age and older with hemophilia A with FVIII inhibitors or hemophilia B with FIX inhibitorsFiledFebruary2026FiledOctober2025FiledDecember2025
Pediatric patients ≥6 to <12 years of age with hemophilia A with or without FVIII inhibitors, or hemophilia B with or without FIX inhibitorsFiledFebruary2026
Emblaveo(aztreonam-avibactam)(b)Treatment of infections in adult patients caused by Gram-negative bacteria with limited or no treatment optionsApproved February 2025ApprovedApril2024
Tivdak(tisotumab vedotin-tftv)(c)Recurrent or mCC with disease progression on or after chemotherapyApprovedApril2024ApprovedMarch2025ApprovedMarch2025
Comirnaty (COVID-19 Vaccine, mRNA) 2025-2026 Formula, LP.8.1(d)Active immunization to prevent COVID-19 caused by SARS-CoV-2 for individuals 65 years of age and olderApproved August2025
Active immunization to prevent COVID-19 caused by SARS-CoV-2 for individuals 5 years through 64 years of age with at least one underlying condition that puts them at high risk for severe outcomes from COVID-19ApprovedAugust2025
Active immunization to prevent COVID-19 caused by SARS-CoV-2 for individuals 6 months of age and olderApprovedJuly2025Approved August2025
Adcetris(brentuximab vedotin)(e)Relapsed/refractory diffuse large B-cell lymphomaApprovedFebruary2025
Hodgkin’s lymphomaApproved March2018Approved June2025
Paxlovid (nirmatrelvir; ritonavir)(f)COVID-19 infection in high-risk childrenApprovedNovember2025FiledApril2025
vepdegestrant (PF-07850327)(g)Breast cancer metastatic - 2nd line ER+/HER2- ESR1muFiledAugust2025
Tukysa (tucatinib)Treatment of adult patients with advanced or metastatic HER2+ breast cancerApprovedApril 2020ApprovedApril2020ApprovedFebruary2026
Ibrance (palbociclib)(h)ER+/HER2+ metastatic breast cancerFiled November 2025FiledDecember2025FiledNovember2025
Padcev(enfortumab vedotin-ejfv)(i)Combination with pembrolizumab as perioperative treatment of adult patients with cisplatin ineligible muscle invasive bladder cancer (MIBC)Approved November 2025FiledNovember2025FiledJanuary2026

^ For the U.S., the filing date is the date on which the FDA accepted our submission. For the EU, the filing date is the date on which the EMA validated our submission.

(a)Erbitux® is a registered trademark of ImClone LLC. We have exclusive rights to Braftovi in the U.S., Canada and certain emerging markets. Pierre Fabre has exclusive rights to commercialize Braftovi in Europe and Ono has exclusive rights to commercialize Braftovi in Japan. The December 2024 U.S. approval date reflects accelerated approval. The U.S. accelerated approval was converted to a regular approval for Braftovi in combination with cetuximab and fluorouracil-based chemotherapy in February 2026.

(b)Emblaveo is being developed in collaboration with AbbVie. AbbVie has the exclusive commercialization rights in the U.S. and Canada; Pfizer leads the joint development program and has commercialization rights in all other countries.

(c)Tivdak is commercialized in collaboration with Genmab A/S.

(d)Comirnaty is being developed and commercialized with BioNTech. On August 27, 2025, the FDA approved the 2025-2026 formulation (i) for individuals 65 years of age and older and (ii) for individuals aged 5 to 64 years of age with at least one underlying condition that puts them at high risk for severe COVID-19. Effective as of the same date, outstanding EUAs for the COVID-19 vaccine were revoked, including those for individuals 6 months through 4 years of age.

(e)Adcetris is being developed and commercialized in collaboration with Takeda. Pfizer has commercialization rights for Adcetris in the U.S. and its territories and in Canada. Takeda has commercialization rights in the rest of the world.

(f)Pfizer withdrew the U.S. filing for the Paxlovid pediatric supplement in January 2026.

(g)Vepdegestrant is being developed in collaboration with Arvinas. In September 2025, Arvinas and Pfizer jointly agreed to out-license the commercialization rights to vepdegestrant to a third party. Together, the companies have begun seeking a partner with the capabilities and expertise to maximize the commercial potential of vepdegestrant, if approved, for patients with ESR1-mutant, ER+/HER2- advanced or metastatic breast cancer and potentially develop vepdegestrant in new settings.

(h)Ibrance for ER+/HER2+ metastatic breast cancer is being developed in collaboration with Alliance Foundation Trials, LLC.

(i)Padcev is being jointly developed and commercialized with Astellas in the U.S. Outside the U.S., we have commercialization rights in all countries in North and South America, and Astellas has commercialization rights in the rest of the world.

The following provides information about additional indications and new drug candidates in late-stage development:

PRODUCT/CANDIDATEPROPOSED DISEASE AREA
LATE-STAGE CLINICAL PROGRAMS FOR ADDITIONAL USES AND DOSAGE FORMSFOR IN-LINE AND IN-REGISTRATION PRODUCTSTalzenna (talazoparib)Combination with Xtandi (enzalutamide) for DNA Damage Repair-deficient mCSPC
Litfulo (ritlecitinib)Vitiligo
Elrexfio (elranatamab)Multiple myeloma double-class exposed
Newly diagnosed multiple myeloma post-transplant maintenance
Newly diagnosed multiple myeloma transplant-ineligible
2nd line+ relapsed refractory multiple myeloma
Padcev (enfortumab vedotin-ejfv)(a)Cisplatin-eligible muscle-invasive bladder cancer
Tukysa (tucatinib)(b)HER2+ adjuvant breast cancer
1st line HER2+ maintenance metastatic breast cancer
1st line HER2+ metastatic colorectal cancer
Nurtec (rimegepant)Menstrually-related migraine
NEW DRUG CANDIDATES IN LATE-STAGE DEVELOPMENTVLA15 (PF-07307405) vaccine(c)Immunization to prevent Lyme disease
dazukibart (PF-06823859)Dermatomyositis, polymyositis
disitamab vedotin(d)1st line HER2 (≥IHC1+) metastatic urothelial cancer
sigvotatug vedotin (PF-08046047)2nd line+ metastatic NSCLC
1st line metastatic NSCLC (tumor proportion score high)
osivelotor (PF-07940367)SCD
ibuzatrelvir (PF-07817883)COVID-19 infection
mevrometostat (PF-06821497) + enzalutamide1st line/2nd line metastatic castration resistant prostate cancer post-Abiraterone
1st line metastatic castration resistant prostate cancer neoadjuvant hormonal therapy naïve
1st line metastatic castration sensitive prostate cancer neoadjuvant hormonal therapy naïve
atirmociclib (PF-07220060)1st line HR+/HER2- metastatic breast cancer
PF-080460542nd line+ NSCLC
prifetrastat (PF-07248144)2nd line/3rd line HR+/HER2- metastatic breast cancer
MET-097i (PF-08653944)Chronic weight management
PF-086344041st line metastatic colorectal cancer
1st line NSCLC (squamous)
1st line NSCLC (non-squamous)
PF-07831694 vaccineImmunization to prevent Clostridioides difficile (C. difficile) - updated formulation
PF-06760805 vaccineImmunization to prevent invasive group B streptococcus infection (maternal)
sasanlimab (PF-06801591)(e)Combination with Bacillus Calmette-Guerin for high-risk non-muscle invasive bladder cancer

(a)Padcev is being jointly developed and commercialized with Astellas in the U.S. Outside the U.S., we have commercialization rights in all countries in North and South America, and Astellas has commercialization rights in the rest of the world.

(b)Tukysa for 2nd line/3rd line HER2+ metastatic breast cancer row has been removed from the table above.

(c)VLA15 is being developed in collaboration with Valneva SE.

(d)Disitamab vedotin is being developed in collaboration with RemeGen Co., Ltd.

(e)Pfizer withdrew the sasanlimab filing for patients with high-risk non-muscle invasive bladder cancer in the U.S. in December 2025 and in the EU in February 2026 to allow more time for additional data collection and analyses.

In September 2024, Pfizer announced a voluntary withdrawal of all lots of Oxbryta (voxelotor) for the treatment of SCD in all markets where it was approved. Pfizer also discontinued all active voxelotor clinical trials and expanded access programs worldwide. Pfizer’s decision was based on the totality of clinical data available at that time that indicated the overall benefit of Oxbryta no longer outweighed the risk in the approved sickle cell patient population. The data suggested an imbalance in vaso-occlusive crises and fatal events, which required further assessment. Pfizer notified regulatory authorities about these findings and its decision to voluntarily withdraw Oxbryta from the market and discontinue distribution and clinical studies while further reviewing the available data and investigating the findings. In July 2024, the EMA initiated a referral procedure under Article 20 of EC Regulation No 726/2004 for Oxbryta to review the product’s benefits and risks. In October 2024, the EC suspended the Oxbryta marketing authorization while the EMA’s review of data was ongoing. In addition, the FDA initiated an evaluation of newly identified safety signals. The FDA also placed the Oxbryta investigational new drug application on clinical hold following Pfizer’s market withdrawal.

Following comprehensive review and analysis of the final data, Pfizer submitted updated data and risk management proposals to the EMA, FDA and other regulators. In the EU, the EMA’s referral procedure concluded in October 2025, with the EMA adopting a negative opinion on benefit-risk for Oxbryta for the treatment of hemolytic anemia due to SCD, recommending that the marketing authorization for the product remain suspended. In the U.S., Pfizer’s engagement with the FDA is ongoing.

In December 2024, the FDA issued a partial clinical hold for osivelotor, which prohibited Pfizer from enrolling new participants into osivelotor clinical studies. In 2025, the FDA concluded that initiation of osivelotor studies and enrollment may proceed outside of sub-Saharan Africa and for participants who have not relocated from sub-Saharan Africa. Enrollment of new participants is expected to begin in the first quarter of 2026.

For additional information about our R&D organization, see Note 17 and the Item 1. Business—Research and Development section. For additional information regarding certain collaboration arrangements, see the Item 1. Business—Collaboration and Co-Promotion Agreements section.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.