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Earnings Calls: 
Pfizer Earnings Call, Fourth Quarter 2008
Author: Godwin Gwetu
123jump.com
Last Update: 7:17 AM ET February 03 2009


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The pharmaceuticals company signed an agreement with Wyeth for the combination of the two companies as quarterly revenues decreased 4% from the previous year quarter to the current quarter $12.3 billion. The fourth quarter net income fell from $2.7 billion in the equivalent period in 2007 to $266 million. With an expected $4 billion in synergies being forecast, the combined company is positioned to have an unrivalled geographic presence.

 
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Bernard Poussot: The ongoing Phase III program is advancing. In most cases, we have resumed activities XUS. In most countries a couple of situations still need to be addressed but we are confident that within weeks we will be back in full gear in those countries. The North American portion is progressing accordingly and we are pleased and continue to hope for the original timing that we had for Bapineuzumab.
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