REUTERS: Pfizer Inc reported a 9 per cent drop in fourth-quarter revenue, hurt by intense competition for its pain treatment Lyrica that lost patent protection last year.
Revenue at the company, which is set to spin off its off-patent branded drugs business and combine it with generic drugmaker Mylan NV , fell to US$12.69 billion from US$13.98 billion a year earlier.Net loss attributable to Pfizer narrowed to US$337 million, or 6 cents per share, in the quarter, from US$394 million, or 7 cents per share, a year earlier.
Source: Healthcare Press (healthcarepress.net)
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