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Financial Report: Pfizer

Revenues disappoint, but new products rise

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Pfizer 1Q Revenues: $13.5 billion (-9%)   1Q Earnings: $2.8 billion (+53%)   Comments: Primary Care sales were down 21% to $3.2 billion impacted a 55% drop in Lipitor revenues and loss of exclusivity and near-term expiration of co-promotion agreements for Aricept and Spiriva. These declines were partially offset by Lyrica sales, up 12% to $1.1 billion. Oncology sales were up 31% to $372 million, driven by recent launches Inlyta and Xalkori in several major markets. Specialty Care sales were dow...

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