Pfizer's Xeljanz: The Slow Road To Blockbuster Status

The oral pill, perhaps best known to investors for failing to live up to initial expectations in rheumatoid arthritis, has found its groove – and new opportunities in psoriatic arthritis and ulcerative colitis are on the horizon.

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It has been almost five years since Pfizer Inc.'s Xeljanz (tofacitinib) was approved by the US FDA for rheumatoid arthritis, and the drug is just finally reaching the blockbuster-level sales investors had been hoping for years ago.

Xeljanz' long road to blockbuster status points to the challenges new drugs face in competitive therapeutic categories like rheumatoid arthritis,...

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