CLAIM #48334 · Pfizer Inc (PFE) · 2023Q4 earnings call · Jan 30, 2024 · due Dec 31, 2024
“But our strategy, it is that you will not see anything major in business development in terms of dollars.”
Albert Bourla · CEO
In context
“two, especially also in the context of where the stock stands. Albert Bourla: Look, I will ask Dave to speak about it. But the fact that we are looking everything and we are engaging in everything doesn't mean that, that's our obligation. We are doing all the work. It doesn't mean that our intention is to deviate the capital allocation strategy that we have just articulated. And that is the number one priority is our dividend and the growing dividend. Then it's a year of execution. We try to delever as David said. And then once we bring our deleverage to the levels that we are aspiring, we will start also moving into share buybacks and, of course, M&A, which means that for '24, we will see everything in existence because we never say never to business development opportunities could come. But our strategy, it is that you will not see anything major in business development in terms of dollars. David, did I say it well? David Denton: You said it well. You are correct. Albert Bourla: Thank you very much. You are a good teacher. Thank you. And the other question, Umer? I think that was it, right? Operator: Next, we have Tim Anderson with Wolfe Research. Tim Anderson: Maybe for Aamir. So Eliquis is the biggest drug on the initial list of 10 drugs for IRA. CMS has until February 1 to provide you the initial proposed negotiated price so that's two days away. So two questions here. Can you confirm you haven't already received that initial proposal yet? And second question, can we expect that at some point between now and September 1, which is the deadline that they have to make the final price public, that you'll give some investors some sort of directional information on how those di”
Verify independently
SEC filings for PFE ↗ · Claim quote is verbatim from the 2023Q4 earnings call.