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Third Quarter 2019 Earnings Teleconference October 29, 2019
Earnings Teleconference
Senior Vice President, Investor Relations 3Forward -Looking Statements and Non- GAAP Financial Information
Our discussions during this conference call will include forward -looking statements about, among other things, our anticipated future operating and
financial performance, expectations for our product pipeline, in -line products and product candidates, including anticipated regulatory submissions,
data read -outs, study starts, approvals, revenue contribution, growth performance, timing of exclusivity and potential benefits, strategic reviews,
capital allocation objectives, business -development plans, the benefits anticipated from the reorganization of our commercial op erations in 2019,
plans and prospects of our acquisitions and other business development activities, including our proposed transaction with My lanN.V. (Mylan) to
combine Upjohn and Mylan to create a new global pharmaceutical company, our acquisition of Array BioPharma Inc. and our trans action with GSK
which combined our respective consumer healthcare businesses into a new consumer healthcare joint venture, our ability to suc cessfully
capitalize on growth opportunities and prospects, manufacturing and product supply and plans relating to share repurchases and d ividends that
are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such
statements. Additional information regarding these factors can be found in Pfizer’s Annual Report on Form 10 -K for the fiscal ye ar ended
December 31, 2018 and in our subsequent reports on Form 10 -Q, including in the sections thereof captioned “Risk Factors” and “Forward -Looking
Information and Factors That May Affect Future Results”, as well as in our subsequent reports on Form 8-K, all of which are filed with the U.S.
Securities and Exchange Commission and available at www.sec.gov and www.pfizer.com . The forward -looking statements in this presentation
speak only as of the original date of this presentation and we undertake no obligation to update or revise any of these state ments.
Also, the discussions during this conference call will include certain financial measures that were not prepared in accordanc e with U.S. generally
accepted accounting principles (GAAP). Reconciliations of those non-U.S. GAAP financial measures to the most directly comparable U.S. GAAP
financial measures can be found in Pfizer’s Current Report on Form 8 -K dated October 29, 2019. Any non-U.S. GAAP financial measures
presented are not, and should not be viewed as, substitutes for financial measures required by U.S. GAAP, have no standardize d meaning
prescribed by U.S. GAAP and may not be comparable to the calculation of similar measures of other companies. Opening Remarks
Chief Executive Officer 5CEO Perspectives
Delivered strong performance in Q3 2019, with 9% operational revenue growth in Biopharma, which represents the business
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129 Pages