Pfizer Profit Up, Warns of Patent Lapses
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Pfizer Inc. PFE.N on Wednesday said  third-quarter earnings rose on higher sales of cholesterol and  arthritis drugs, but the company cautioned that 2005 results  will likely be hurt by generic competition for four other  popular medicines.
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The world's largest drug firm reports strong  profits despite a fall in Viagra sales  but  it warns that next year's profits will be hit by the expiry of  patents.
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Eli Lilly and Co  on Tuesday said fourth-quarter profit rose on lower taxes and better-than-expected sales of its medicines, including newer treatments for depression, diabetes and cancer.
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Pfizer Inc. , the world's biggest drugmaker, on Wednesday said third-quarter earnings rose on higher sales of key medicines.
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Walgreen Co  reported a better-than-expected rise in quarterly profit on Friday as cost controls offset weak sales of flu medications and a recall of cold medicines, sending the drugstore chain's shares up 7 percent.
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The pharmaceutical company reported a 5 percent increase in fourth-quarter earnings but said growth would slow this year as generic competition picked up.
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Pfizer Inc , the world's biggest drug maker, on Wednesday reported fourth-quarter results that beat expectations, sending its shares higher in premarket trading.
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Pfizer Inc , the world's biggest drugmaker, on Wednesday reported fourth-quarter results that beat expectations.
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U.S. stocks climbed on Tuesday  supported by Pfizer Inc. PFE.N after investor fears of the  withdrawal of its arthritis drug Celebrex were calmed, while  IAC/InterActive Corp. IACI.O pushed up Nasdaq after it  announced plans to spin off its Expedia.com unit.
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The world's largest drug company reports strong third-quarter profits but warns that next years profits will be hit by the expiry of  patents.
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Net profit at Roche Holding  AG  rose 34 percent to 9.17 billion Swiss francs ($7.33  billion) in 2006 due to strong sales of cancer treatments  Herceptin and Avastin, just ahead of analysts' expectations.
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The company said fourth-quarter earnings rose 17 percent on higher sales of its Enbrel arthritis drug and Prevnar vaccine, but said generic competition would hit 2008 profit.
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Schering-Plough Corp  reported on Monday that third-quarter profit and sales rose, but still fell short of estimates, sending shares down 13 percent amid concerns about its flagship cholesterol drugs.
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Procter & Gamble Co. PG.N  on  Wednesday posted higher quarterly profit, boosted by sales of  new products and continued gains in developing markets.
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Pfizer Inc. PFE.N , the world's  largest drug company, on Wednesday said fourth-quarter earnings  rose, helped by strong sales of cholesterol treatment Lipitor  and arthritis drug Celebrex.
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Pfizer Inc. PFE.N, the world's  largest drug company, on Wednesday said fourth-quarter earnings  rose on strong sales of cholesterol treatment Lipitor and  arthritis drug Celebrex.
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Pfizer Inc  on Wednesday reported a higher-than-expected fourth-quarter profit, helped by lower taxes, a weak dollar and growing demand for its drugs for nerve pain, kidney cancer and smoking cessation.