A new report from CNN/Money.com alleges that Pfizer, Inc. (NYSE:PFE) sales of Exubera inhaled insulin are so weak that figures of the new diabetes drug’s sales haven’t been reported.
Reporter Aaron Smith suggest Pfizer is not meeting the drugmaker’s strong sales projections for inhaled insulin that Pfizer’s Vice Chairman David Shedlarz made at the UBS AG (NYSE:UBS) Global Life Sciences Conference in September. He told conference attendees that Exubera inhaled insulin remains an “important source of revenue growth” for Pfizer.
CNN/Money.com reporter Aaron Smith says that:
Pfizer says sales have been slow because physicians have to be trained to use the device, but that it plans to ramp up its roll-out in January, but the impact of that remains to be seen.
That question is certainly being watched closely by Pfizer and Nektar Therapeutics (NASDAQ:NKTR), the co-developer of the inhaled insulin.
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