PFE got its ass handed to it today. It looks like Lipitor and Viagra aren't selling as well as they did before. I wonder if this is a function of high gas prices on now high heating oil prices?
Part of the problem is Lipitor, the anti-cholesterol drug whose U.S. revenue rose just 1% in the quarter due to "an unexpectedly rapid slowdown in the U.S. lipid-lowering market as a whole and marginal Lipitor prescription share erosion during the quarter of one percentage point," the company said.
Maybe people are filling up the tank instead of filling their Lipitor prescriptions. I mean getting to work is much more important then possibly getting heart disease some time in the future. Hmm, this could be bad for Americans who are already overweight because they won't be taking their cholesterol meds. They also may be eating more fast food because everyone knows that eating healthy costs far more then eating junkfood. Also if you can't stay warm/get to work you certainly don't need erectile-disfunction drugs:
Sales of the impotence drug Viagra skidded 4% worldwide to $386 million, with U.S. sales losing 7% and foreign sales gaining 14%.
Perhaps this is why Americans are getting ruder. They have high cholesterol from not taking Lipitor. All their money goes to gas or heating oil. And they can't get laid anymore because their Viagra is too expensive.
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