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Pfizer: Time To Face The Lyrica Pain

 
• By Jessica Merrill

Pfizer forecast flat US drug prices in 2019 and downplayed large M&A as a way to assuage near-term growth concerns, while investors brace for a challenging period cycling through the loss of Lyrica.

Business success growing growth increase up concept. Wooded cube block on white background with word GROWTH

Pfizer Inc. CEO Albert Bourla led his first earnings call as the company's chief executive Jan. 29 and stuck to a similar message the company has laid out to investors for close to a year: that Pfizer will be well positioned for growth after cycling through the loss of Lyrica to generics beginning June 30, 2019.

Growth will come largely from innovation and the company's internal R&D engine, Bourla said, calling large-scale M&A a potential distraction...

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