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Sunday, Apr 12, 2026

New Pfizer CEO Slashes R&D to Save 2012 Profit View

Pfizer Inc., the world’s largest drugmaker, is shrinking its operations to deliver on its profit forecast for 2012 — the first full year its $10 billion Lipitor cholesterol drug faces cheaper U.S. generics.

*For more on this story, read the full Reuters article.

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