Pfizer Hits Pause On M&A To See How US Tax Reform Plays

CEO Ian Read indicated the company will wait to see if the US tax system is overhauled before completing any large-scale M&A, even as many investors are anxious to see Pfizer make an acquisition.

Business teamwork puzzle pieces.

Pfizer Inc. isn't likely to make any big M&A moves soon given that Congress might shortly take up potential changes to US tax policy. CEO Ian Read said large-scale M&A is largely on hold until there is more clarity around tax reform.

"Tax reform will change the net value of assets in the marketplace in various ways, and we think it's prudent...

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