A healthcare analyst says Pfizer Inc.’s second-quarter results, released Tuesday, show that the pharma giant is successfully positioning itself for future success despite its post-pandemic sales struggles.
Lee Brown, global sector lead for healthcare at Third Bridge, joins BNN Bloomberg to discuss Pfizer's latest quarter and his outlook on the pharmaceuticals sect
“They’ve got a lot of initiatives going on… one I would say is their cost-savings initiative; the leadership team’s executing this plan to perfection, you’ve seen it in the gross margin, it’s what allowed for the significant EPS beat.” “If you pull back the pandemic-related sales tied to COMIRNATY and Paxlovid, a company of this size generating second-quarter revenue that increased 14 per cent year-over-year; I find that compelling,” he added.
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