Pfizer lifts profit forecast as results top expectations

Strong sellers for the big drugmaker included Ibrance, which treats breast cancer, and Xeljanz, which is used to treat rheumatoid arthritis and ulcerative colitis. Besides the transaction on consumer health, which closed on August 1, Pfizer has also announced that it will combine its off-patent Upjohn business with generics giant Mylan in a transaction expected to close next year. Pfizer lifted its full-year profit forecast and the midpoint of its 2019 revenue forecast.

Copyright Agence France-Presse, 2019

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