Pfizer sales slow due to pandemic

27 October 2020

US pharma giant Pfizer (NYSE: PFE) has reported slower sales than analysts had expected for the third quarter of 2020, $12.13 billion, a little under the $12.32 billion Financial Times consensus forecast.

Down from $12.68 billion a year ago, the firm reported earnings per share (EPS) for the quarter of $0.39, following Generally Accepted Accounting Principles (GAAP).

Pfizer was impacted by greater competition for its pain med Lyrica (pregabalin), for which key patents have now expired.

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