Cost-cutting Helps Pfizer Overcome Lower Sales

The company slashed costs on everything from manufacturing and marketing to research and development to produce a profit of $2.88 billion.

BING NEWS:
  • Pfizer launches cost-cutting drive as COVID sales fall
    The announcement of the cost-reduction programme on Friday came shortly after Pfizer picked up its first approval – from the FDA – for S1P inhibitor Velsipity (etrasimod) as a treatment for ...
    10/14/2024 - 1:00 pm | View Link
  • UK feels the chill of Pfizer’s cost-cutting wind
    Pfizer has fleshed out some more of the details of its wide-ranging cost-cutting drive announced last month, revealing that around 500 jobs will go in the UK, including at its R&D site at Sandwich ...
    11/14/2023 - 11:00 am | View Link
  • Pfizer's Cost-Cutting Measures: 500 Job Cuts in Kent Facility, Higher Than Anticipated
    Sky News highlighted that the announcement comes within the context of Pfizer's company-wide cost-cutting measures, driven by lower-than-expected sales of its COVID-19 vaccines and treatments.
    11/14/2023 - 6:26 am | View Link
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