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Pfizer Plays Up Its In-house Potential, Avoids M&A Talk

 
• By Joseph Haas

Pfizer execs say they are focused on commercial execution and pipeline development to drive growth. No viable buyer has emerged for the consumer business, CEO Read said.

Businessman draws a statistical trend line

Pfizer Inc. has been expected by many to lead a wave of biopharma M&A this year, but CEO Ian Read largely sidestepped the issue during the firm’s first quarter earnings call, while signaling that he didn’t like the valuations of current options and that the potential market for offloading the consumer business looks dry as well.

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