Pfizer Plans 12% Cost Cut As Sales Lag.

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    • Subject Terms:
      PFIZER Inc. 001326495 PFE
    • Abstract:
      Reports that Pfizer has promised to cut annual costs by four billion dollars by 2008 to keep profits rising, even as several of its biggest-selling drugs lose patent protection. Promise of strong profit growth for the world's largest drug maker; Reactions of investors to Pfizer's optimistic long-term profit forecast and cost cuts; Information on Pfizer, whose stock is down; How, by 2007, Pfizer will face low-priced generic competition for a half-dozen drugs; Financial details; Skepticism of some analysts; Outlook.