At a meeting of the Business Roundtable in Washington, D.C., the group's chairman, Pfizer ( PFE ) CEO Hank McKinnell, said its Economic Outlook Survey shows few signs of major damage to the national economy. Sixty-one percent of CEOs surveyed described the effect of the hurricane on their business as moderately negative, while only 4 described it as strongly negative. Katrina's effect will be catastrophic locally, ... a significant -- but not catastrophic -- national effect.
More Quotes from Hank McKinnell:
This is a time of transformation for Pfizer and our industry. We are responding directly to the realities of our operating environment as we build value today while aggressively investing in the future.Hank McKinnell
Patients and physicians must be able to trust that the medicine in the bottle is the same as that which is described in the label. We want to ensure that patients do not receive generic products that fail to meet FDA standards.
Hank McKinnell
On any given day, we estimate that nearly 40 million people around the world are treated with a Pfizer medicine,
Hank McKinnell
We are evaluating our financial prospects for 2006 and 2007 in light of current and anticipated business conditions, and are withdrawing our prior guidance for those years.
Hank McKinnell
Lipitor is one of the most important medical breakthroughs of our era, and millions of patients have used it to lower their cholesterol. This court decision is consistent with the fundamental principle that patent laws exist to support and encourage medical innovators, not undermine them.
Hank McKinnell
At the rates we're growing, our earnings should be about twice this level five years from now, ... If the price-to-earnings ratio stays the same, you can do the math.
Hank McKinnell
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Based on Topics: Business & Commerce QuotesBased on Keywords: katrinas, pfizer, roundtable, sixty-one, surveyed
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