Pfizer Inc.'s first-quarter profit fell 19 percent, because of legal and other charges and new generic competition to blockbuster cholesterol pill Lipitor that cut the drugmaker's U.S. sales by 15 percent.
By Linda A. Johnson|May 01, 2012 at 12:07 PM
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Pfizer Inc.’s first-quarter profit fell 19 percent, because of legal and other charges and new generic competition to blockbuster cholesterol pill Lipitor that cut the drugmaker’s U.S. sales by 15 percent.
The world’s biggest drugmaker beat Wall Street’s profit expectations but narrowly missed its sales forecast in the first full quarter since Lipitor lost U.S. patent protection.
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