Despite blockbuster boasts for R&D work, pressure increases on Pfizer to do a megadeal
Some new products like Ibrance are gaining ground in the marketplace, helping Pfizer weather the storm of generic competition. But sales declined in Q2 as Prevnar revenue weakened and competition loomed for Viagra and Lyrica. And that will have analysts looking to see what CEO Ian Read will do next to right the course at the pharma giant; whether that’s big deals, new cost-cutting efforts, a company breakup, or a mix of all of the above.
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