Pfizer raises forecast

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Pfizer raises forecast
Photo: Mark Lennihan AP/TT

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 TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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