Pfizer Launches $3.5 Billion Cost-Cutting Program Amid Declining Covid Vaccine Sales

Pfizer Launches $3.5 Billion Cost-Cutting Program Amid Declining Covid Vaccine Sales

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Pfizer is implementing a “cost realignment program” expected to save the pharmaceutical giant at least $3.5 billion as it prepares for revenue drops for its Covid-19 vaccine and Paxlovid, a prescription pill for treating Covid-19, according to its updated full-year guidance. Pfizer expects the…

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