Pfizer quarterly revenue slips 3 percent

Pfizer quarterly revenue slips 3 percent


Jan 31 Pfizer Inc, which closed its $14 billion acquisition of Medivation Inc in September, reported a 3 percent fall in quarterly revenue, due to a strong dollar and fewer selling days compared to the year-ago quarter. The largest U.S. drugmaker posted a net income $775 million, or 13 cents per share, in the fourth quarter, compared with a loss of $172 million, or 3 cents per share, a year earlier.



from Biotech News