Pfizer Inc

PFE: XNYS (USA)

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Pfizer: We Think Competitive Advantages Still Exist, but Signs of Erosion Weigh on Our Valuation

Karen Andersen

Jul 2, 2025

Pfizer faces patent expirations amounting to more than one quarter of 2024 revenue by 2028, and the 2023 acquisition of oncology-focused biotech Seagen boosted the firm's invested capital base, lowering adjusted returns on invested capital to 7.3% in 2024.

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Pfizer Inc

Pfizer: We Think Competitive Advantages Still Exist, but Signs of Erosion Weigh on Our Valuation

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