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Pfizer has said it does not expect to return to revenue growth until 2029, as it works to develop new blockbuster drugs, including the obesity treatments it picked up in the $10 billion (NZ$17b) acquisition of Metsera

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Notably, President Trump has been using the threat of 100% tariffs on pharmaceutical imports into the US to lever most favoured nation (MFN) pricing agreements from leading multinationals such as Pfizer, Eli Lilly and AstraZeneca

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