Pfizer Exec Says Shares Bristol Myers' View That Co Has The Ability To Navigate The Impact Of IRA On Eliquis; Eliquis Will Be An Important Drug In Co's Portfolio For The Foreseeable Future, From A Net Present Value Perspective, The Impact Of Ira On Pfizer Is Somewhat Muted; Says $1.5B Of Cost Savings Is Only From Phase One Of A Multiple Phase Program
Portfolio Pulse from Benzinga Newsdesk
A Pfizer executive expressed confidence in the company's ability to navigate the impact of the Inflation Reduction Act (IRA) on Eliquis, a key drug in its portfolio. The executive also mentioned that the financial impact of the IRA on Pfizer is somewhat muted and highlighted $1.5 billion in cost savings from the first phase of a multi-phase program.
July 30, 2024 | 3:19 pm
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POSITIVE IMPACT
Bristol Myers shares Pfizer's view on navigating the IRA's impact on Eliquis. This alignment suggests a stable outlook for Eliquis, which is important for both companies' portfolios.
Bristol Myers' alignment with Pfizer on managing the IRA's impact on Eliquis suggests stability and confidence in the drug's future performance, which is positive for both companies.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Pfizer's executive expressed confidence in managing the IRA's impact on Eliquis, a key drug in its portfolio. The financial impact of the IRA on Pfizer is expected to be muted, and the company has achieved $1.5 billion in cost savings from the first phase of a multi-phase program.
The executive's confidence in managing the IRA's impact and the significant cost savings achieved indicate a positive outlook for Pfizer's financial health in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100