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Pfizer revenue rises 11%

Aug 02 2016 13:05

London - Pfizer's quarterly revenue rose about 11%, driven by sales of newer drugs and the acquisition of hospital products company Hospira last year.

The largest US drugmaker's revenue rose to $13.15bn in the second quarter from $11.85bn, a year earlier.

The company's net income fell to $2.02bn, or 33 cents per share, from $2.63bn, or 42 cents per share.

Pfizer in April terminated its $160bn tax inversion deal to acquire Irish drugmaker Allergan.

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