Pfizer axes obesity assets; ‘confident’ in M&A pipeline payoffs

Pfizer remains “confident in the years ahead,” CEO Albert Bourla said, pointing to investments in oncology, obesity and migraine to power the company’s next phase of growth. New York-headquartered Pfizer is working to offset an estimated $18 billion loss of revenue from patent expirations of household brands such as Lipitor (atorvastatin) between 2026 and 2028, as well as weakened demand for COVID-19-related products such as Paxlovid (nirmatrelvir tablets; ritonavir tablets) since the pandemic.