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Pfizer Plots Major Phase III Push

This article was originally published in The Pink Sheet Daily

Executive Summary

Lipitor soon to fade; company faces “challenge of a lifetime,” says R&D president.

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Pfizer Inc.'s new CEO Ian Read came out of the gates strong during the company's year-end financial presentation Feb. 1, with news that investors greeted warmly: additional, unexpected cuts to R&D and further R&D reorganization, a $5 billion share buyback program, and assurance that all options are on the table when it comes to Pfizer's diversified portfolio of businesses.

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