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Pfizer Reports Decent Second Quarter Results; Plans to Spin Off Animal Health Business

publication date: Jul 31, 2012
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Pfizer posted decent second-quarter results that showed strong cost containment in the face of declining sales of its blockbuster drug Lipitor. The company also announced plans to spin off its animal health business to focus on its core pharma business. We maintain our view that Pfizer is significantly underpriced.


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