Pfizer profit jumps but shares fall on drug concern (Reuters via Yahoo! News)
Source: Yahoo! News
Date: 2006-10-19 21:17:44
Pfizer profit jumps but shares fall on drug concern (Reuters via Yahoo! News)
... erson 1 hour, 43 minutes ago NEW YORK (Reuters) - Pfizer Inc. on Thursday said third-quarter earnings doubled from the year-ago quarter when it took a merger-related charge, but results were overshadowed by cautious comments it made about prospects for its experimental cholesterol fighter. ADVERTISEMENTPfizer (NYSE:PFE - news) told analysts it plans next year to seek U.S. approval for torcetrapib, which raises "good" HDL cholesterol, but does not necessarily expect regulators to approve it within the standard one-year review period.Instead, Pfi ...
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