Post-Lipitor Pfizer Will Have Two Business Models: Innovation And Value

Pfizer CEO Ian Read provided Wall Street with more clarity on his vision for the company as it moves beyond Lipitor into a new era. Pfizer will have two primary businesses, he said, an innovative pharmaceutical engine and a value business.

Pfizer, Inc. will be a company with two primary businesses, each with a distinct cost structure and operating approach, CEO Ian Read told investors during the company’s fourth quarter sales and earnings call Jan. 31. The chief executive provided Wall Street with more clarity on his vision for the company as it moves into a new era without the blockbuster cholesterol lowering drug Lipitor (atorvastatin), marking the first significant insight he has offered since announcing plans to separate parts of the company.

“The first will be a growth business of pharmaceuticals that we expect to generate profitable revenue growth with strong cash...

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