Will Pfizer Remain the World's Biggest Drug Maker?
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Pfizer is the world's largest drug maker- but with the loss of Patent exclusivity for Lipitor, their fourth quarter earnings have taken a massive plunge- of 50%. Fourth quarter revenues fell about 4% to $16.7 billion dollars from $17.3 billion dollars because of lower prescription drug sales. Despite the loss, the pharmaceutical giant still beat expert expectations.