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Pfizer’s major drug gains doubles sales but overall revenue falls

09:25 EDT 1 Aug 2017 | Pharmafile

Pfizer revealed in its briefing on its second quarter financials that Ibrance, its breast cancer treatment, had grown in sales by 66% but overall revenue was down to $12.9 billion from $13.15 billion.

The company revealed that the primary reason for this drop off in sales was due to the generic erosion of its essential health segment, which sells older, off-patent drugs. In this area, sales dropped by 14% to $5.23 billion.

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