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New drugs fuel strong Pfizer results; company raises 2016 forecasts
May 3, 2016 by elegant · Leave a Comment
Pfizer said sales would be hurt in the fourth quarter of 2016, however, when those added days will be offset by fewer days. Pfizer walked away from the deal after the U.S. Treasury issued new rules curbing tax inversion deals, under which American companies move overseas to cut taxes. Many analysts believe Pfizer needs to buy new medicines or entire biotech companies to ensure competitive earnings growth.
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New drugs fuel strong Pfizer results; company raises 2016 forecasts