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By Sabela Ojea Pfizer is launching a multi-year cost-cutting plan as it slashes its revenue expectations for the year due to lower sales related to Covid-19. The healthcare giant on Friday...
Pfizer on Tuesday said it will launch a cost-cutting program if its COVID-19 vaccine and antiviral treatment keep underperforming expectations in the coming months due to plunging demand.
If COVID vaccinations are very low this year, the company will scale back its investments
The drugmaker would pay $229 a share in cash for the biotech cancer specialist
By Bhanvi Satija and Michael Erman