Pfizer (NYSE:PFE) released its third quarter earnings last week which indicated a significant fall in revenues. The decline in sales was anticipated and the surprisingly weak performance by Prevnar disappointed many investors, pushing shares below $25. Additionally, the firm posted a decline in overall gross margins, which was expected. Drugs such as Prevenar are crucial for future growth as Pfizer has been dealing with patent cliffs and has experienced a slump in its sales in the two quarters. Lipitor generated almost $10 billion in 2011, but has lost more than half of its sales in a relatively short time since. It is also expected that the looming patent expiration for Enbrel, Detrol, along with others this year will also hurt revenues.
Merck (NYSE:MRK) KGaA, which is a German drug and chemical group, intends to establish its Indian chemicals units in Navi Mumbai as a world competence center to serve markets in selected product segments, aside from being a customer training and application development location. Currently, the firm has seven such competence centers in Brazil, Korea, Germany, Japan, Taiwan, China and the United States. The Indian division will mark its eighth and will be part of the worldwide network of Merck’s production and application training centers. The Navi Mumbai facility will also supply consumer training to its local and foreign clients, aside from being an international sourcing base for performance chemicals like effect pigments and cosmetics.
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The Coca-Cola Company’s (NYSE:KO) United Kingdom website offers a new calorie calculator that tells how many calories are contained in some of their drinks and also offers an approximate amount of exercise necessary to shed those same calories. Having a can of Coke is equivalent to 17 minutes of basketball or 32 minutes of yoga for woman who weighs 60 kilograms, or about 133 pounds. Or, the calories can be worked off with a 29-minute dog walk, 45 minutes of ballroom dancing or ironing for 70 minutes. The website explains that, “Making sure there isn’t an imbalance between the amount of calories you take in each day and the amount you burn can help you to maintain a healthy weight, and the best way to ensure energy balance is by eating a well-balanced diet and enjoying regular physical activity.”
American Express Company (NYSE:AXP) debuts a co-branding gaming experience with Microsoft’s Xbox that permits members to synchronize their card with their Xbox Live Gamertag so as to unlock exclusive content and offers. Card members will be able to obtain deals from AMC Theaters and PacSun that allow them cash back subsequent to spending a certain amount, along with a $10 statement credit from American Express, according to Adweek. These deals are without coupons and are automatically loaded to card members’ accounts when they choose them from the American Express tile on the Xbox dashboard.