CLAIM #48644 · Pfizer Inc (PFE) · 2025Q3 earnings call · Nov 4, 2025 · due Dec 31, 2025
“So as we cycle into Q4, we expect the whole Seagen portfolio, including Padcev to return to growth.”
Aamir Malik · Executive
In context
“g in the way that we expected. On your question with regards to Padcev, we're, again, very encouraged by how Padcev is doing. For us, we look at this through 2 lenses. First is the a/mUC population, where we currently have about 55% share among cisplatin-ineligible patients and 45% to 50% share among cisplatin-eligible patients. So there is headroom for us to continue to focus on that segment of the market. I think your question with regards to how Padcev performed on consensus is related to the comment that Dave made, which is as part of integrating the Seagen products into the Pfizer portfolio in Q2, we moved from a drop ship model to a wholesaler model. So that resulted in a onetime growth in our Q2 sales. So you have to grow products off of that adjusted for 2 to 3 weeks of inventory. So as we cycle into Q4, we expect the whole Seagen portfolio, including Padcev to return to growth. And then finally, on MIBC, we're excited about the possibility as a result of both the 303 and also 304 trials that are ongoing, and that will open up a patient population of close to 22,000 patients to help with the next rise of Padcev growth. Operator: We'll go next to Dave Risinger with Leerink Partners. David Risinger: Congrats on the performance in the quarter. So my question is on Metsera. Could you just comment on the legal process ahead? I know that Pfizer is arguing that Novo's acquisition of Metsera would be anticompetitive. And even if the FTC doesn't allow it, it could be anticompetitive. So could you just talk us through the clock and the process for courts to hear Pfizer's arguments? Albert Bourla: Thank you, Dave. As I said in my opening comments, it is very difficult for u”
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SEC filings for PFE ↗ · Claim quote is verbatim from the 2025Q3 earnings call.