Pfizer Inc. is continuing in a transition phase as it integrates the Seagen oncology business, right-sizes the COVID-19 business and builds commercial momentum behind newer drugs and vaccines across a wide array of therapeutic areas. It’s an important year for Pfizer to rebuild trust with investors after a disappointing 2023, when the company missed its financial forecast and had to reset expectations late in the year and implement cost cuts.
Key Takeaways
- Pfizer reported a 20% first quarter revenue decline driven by lower COVID-19 sales, but sales grew 11% operationally excluding the vaccine Comirnaty and antiviral Paxlovid.
- The...
“We know credibility is extremely important for us,” CEO Albert Bourla told investors during the company’s first quarter sales and earnings call on 1 May. After the misalignment on COVID-19...
Read the full article – start your free trial today!
Join thousands of industry professionals who rely on Scrip for daily insights
- Start your 7-day free trial
- Explore trusted news, analysis, and insights
- Access comprehensive global coverage
- Enjoy instant access – no credit card required
Already a subscriber?