Pfizer beats sales estimates on demand for older drugs

Pfizer employs more than 4,500 people in Ireland at sites in Cork, Kildare, and Dublin

Pfizer in Ringaskiddy, Co Cork. Pfizer beat fourth-quarter sales estimates on strength from its older drugs as it races to fill gaps from its declining covid shot and pill franchises. Picture: Dan Linehan

Pfizer beat fourth-quarter sales estimates on strength from its older drugs as it races to fill gaps from its declining covid shot and pill franchises.

Pfizer battled to acquire obesity startup Metsera for as much as $10bn (€8.48bn) late last year in its quest to find new avenues for growth. The drugmaker released data early on Tuesday for one of Metsera’s drugs showing people on the medication lost up to 12.3% of their body weight compared to a placebo at 28 weeks. It’s the first reveal of monthly data for this drug and showed less frequent dosing could be possible.