Pfizer profit tops estimates

Filed under: AM Roundup |

The world’s largest drugmaker, Pfizer, announced third quarter profits that topped expectations, thanks to sales of its pain drugs and a vaccine for pneumonia.

Net income increased four-fold to $3.4 billion, according to Bloomberg.

Pfizer is considering selling or spinning off its nutrition and animal health units to focus on bringing new drugs to market.

Read more at bloomberg.com.