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Pfizer Q1: Headwinds And Tailwinds From COVID-19

 
• By Jessica Merrill

The company reaffirmed 2020 sales and earnings financial guidance, highlighting the resiliency of the business amid a global pandemic, but Pfizer did highlight some potential business challenges.

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Pfizer's biopharmaceutical revenues held up in the first quarter • Source: Shutterstock

Pfizer Inc. expects some pharmaceutical brands will be impacted by stay-at-home orders and fewer physician visits in the second quarter as a result of the global COVID-19 pandemic, but reaffirmed 2020 sales and earnings guidance while reporting first quarter financial results on 28 April.

CEO Albert Bourla said during a same-day conference call that the guidance reflects the strength and resiliency of the business...

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