Pfizer Crashes 9% As Seagen Guidance Update Disappoints

Pfizer Crashes 9% As Seagen Guidance Update Disappoints

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stock careened lower Wednesday after the pharmaceuticals heavyweight issued disappointing 2024 guidance ahead of its acquisition of Seagen, now expected to close Thursday. The company called for $58.5 billion to $61.5 billion in sales. At the midpoint, that would be roughly flat compared with…

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