Pfizer posts 30per cent rise in quarterly profit

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Pfizer posts 30per cent rise in quarterly profit
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REUTERS: Pfizer Inc on Monday reported a 30per cent rise in quarterly profit, helped by demand for its branded treatments such as Ibrance, ...

REUTERS: Pfizer Inc on Monday reported a 30per cent rise in quarterly profit, helped by demand for its branded treatments such as Ibrance, Eliquis and Xeljanz.

Pfizer, which was scheduled to report its second-quarter earnings on Tuesday, also said it would combine Upjohn, its off-patent drugs business, with Mylan NV .Pfizer said net income rose to US$5.05 billion, or 89 cents per share, in the second quarter, from US$3.87 billion, or 65 cents per share, a year earlier.

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