1:56 PM
May 01, 2018
 |  BC Extra  |  Company News

Read says Pfizer not looking toward M&A

Pfizer Inc. (NYSE:PFE) Chairman and CEO Ian Read said the pharma is focusing investments on its own pipeline rather than M&A.

"I don't see that we need a transformative deal, nor do I see one at appropriate values right now in the marketplace," Read told investors on the pharma's 1Q18 earnings conference call Tuesday.

The pharma reported a 12% increase in adjusted diluted EPS to $0.77 and a 1% increase in revenues to $12.9 billion for 1Q18. The Street...

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