Tuesday, November 1, 2016

Pfizer Q3 Profit Falls; To Discontinue Bococizumab Development Program

Pfizer Inc. (PFE) reported a profit for third-quarter 2016 that declined 38 percent from last year, while quarterly revenue increased 8 percent. It narrowed certain 2016 financial guidance ranges. In addition, the company has decided to discontinue the global clinical development program for bococizumab, its investigational Proprotein Convertase Subtilisin Kexin type 9 inhibitor.

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