Pfizer pivots to cancer drugs for growth [MSN Money]
Pfizer, Inc. (PFE)
Last pfizer, inc. earnings: 4/28 06:45 am
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Source: MSN Money
Pfizer Pivots to Cancer Drugs for Growth © Monica Jorge for The Wall Street Journal The new lineup is projected to gerate $8. billion in sal this year, according to EvaluatePharma. For the first time, Pfizer in 09 expects oncology products to outsell the heart and other primary-care medicin the company was long known for. Pfizer is throwing in with other big drug compani trying to expand their footprint in cancer or gain a toehold, ev as many startups hunt for new therapi, too. Driving the attraction: new insights about the disease’s biology that have paved the way for discovery of treatmts, combined with major commercial pottial if those therapi reach the market. Load Error It is a significant transformation for Pfizer, whose sal of pills like Lipitor for high cholterol, and other drugs for common ailmts, powered its rise into one of the world’s biggt drugmakers. Now, the company is seeking a new round of growth by treating cancer. “At Pfizer, oncology is one of the core componts of
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PFE
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