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Pfizer Inc. Message Board

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  • eureka201213 eureka201213 Mar 23, 2012 11:46 AM Flag

    Byetta approved today! surprise approval!

    The EU approval for the added indication was no surprise at all; the FDA had already approved it for that use.

    The fact is that the company is expected to continue bleeding big losses through 2014 and won't be profitable until 2015. The analyst consensus that year is 68 cents a share which means that the stock is currently selling at 23 times the 2015 consensus. That's way too rich for my tastes.

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