Steady quarter for Pfizer comes with promise of '15 blockbusters'

1 August 2017

USA-based Pfizer (NYSE: PFE), the world’s biggest pharma company, has beaten earnings expectations but fallen short of analysts’ sales predictions in its latest quarterly results.

Revenues in the second quarter of 2017 reached $12.9 billion, down 2% on the second quarter of 2016 and short of the $13.1 billion predicted by Wall Street analysts. The decline was blamed by Pfizer on its divestment of its Hospira Infusion Systems (HIS) in February.

"Over the next five years, we project the potential for approximately 25 to 30 approvals of which up to 15 have the potential to be blockbusters"

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