It has been very difficult for Pfizer to develop drugs. It has suffered disappointment after disappointment.
More Quotes from Michael Krensavage:
Potentially, you're looking at a company that has very little revenue growth for the next few years because of patent expirations,Michael Krensavage
Basically, Viagra last year helped inflate expectations for the pharmaceutical group and it's made it more difficult for the drug companies this year to live up to expectations,
Michael Krensavage
With all the price competition in generics, we're likely to see more consolidation.
Michael Krensavage
There were people who tried Viagra and the next morning called their brokers, ... Now, reality is setting in.
Michael Krensavage
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