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Drugmaker Pfizer’s 1Q profit drops 15 pct as generic competition, other factors cut sales | Canadian Business

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Posted in May
May 5, 2014 Linda A. Johnson, The Associated Press

Pfizer Inc. said Monday that its first-quarter profit dropped 15 per cent despite sharp cost cutting. The earnings decline reflected cheaper generic competition that continues to reduce sales of its multiple medicines and the end of some partnerships with other drugmakers.

http://www.canadianbusiness.com/business-news/drugmaker-pfizers-1q-profit-drops-15-pct-as-generic-competition-other-factors-cut-sales/
 

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