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1Q EARNINGS: Pfizer highlights AstraZeneca deal as sales sink

This article was originally published in Scrip

Executive Summary

As Pfizer's first quarter revenue fell 9% in the first quarter – a $1.1bn decline year-over-year – CEO Ian Read emphasized the value of the company's drug development pipeline and insisted that Pfizer and fellow big pharma AstraZeneca will be even more valuable as a single entity.

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