Pfizer 3Q profit down 70 percent

Pfizer 3Q profit down 70 percent Pharmaceutical giant Pfizer Inc., with research operations in Groton, said Tuesday that revenue in the third quarter...


Pfizer 3Q profit down 70 percent
Pharmaceutical giant Pfizer Inc., with research operations in Groton, said Tuesday that revenue in the third quarter jumped 39 percent due to its acquisition of fellow drugmaker Wyeth, but hefty charges related to that $ 68 billion purchase dragged its profit down 70 percent, The Associated Press reports.
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