Pfizer Q3 2010 Earnings Conference Call Transcript
02.11.10
The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)Question: Chris Schott - JPMorgan Chase & Co. - Analyst: Just a first question, I guess a couple of questions on Prevnar. First, ex-U.S., it looks like much of the franchise has now converted over to -- or a decent portion to the 13 version of Prevnar. Yet, we haven't seen a significant ramp in (technical difficulty) relative to legacy Wyeth levels. Just elaborate a little bit more what's happening with Prevnar internationally, maybe talk about price dynamics, as well as the impact that Synflorix is having on the business. My second question was on gross margins. Even adjusting for the FX benefit this quarter, where you picked up a very strong result in the quarter considering the loss of EFFEXOR, was there anything unusual here or just are we starting to see some of the benefits of restructuring or is there anything else we should be aware of? And as a follow-up to that, how are you thinking about trough gross margins as we consider the patent expiration of Lipitor late next year? Thank you.
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