Pfizer raises forecast

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Pfizer raises forecast
Photo: Mark Lennihan AP/TT

American pharmaceutical giant Pfizer is raising its profit forecast for 2025 for the second time this year.

Profitability is strengthened by cost savings, while sales growth remains sluggish.

Pfizer's adjusted earnings per share will be $3.00-$3.15, according to the revised forecast. Previously, the upper limit of Pfizer's earnings forecast was $3.10.

However, the sales forecast is left unchanged at $61-64 billion.

Pfizer is currently in a bidding war with Denmark's Novo Nordisk. Both pharmaceutical companies want to buy the American biotechnology company Metsera, which develops weight-loss drugs that the combatants want to get their hands on.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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