Amarin Corp Plc (AMRN)

[JRoon71]

Looks like Pfizer is out of the running

https://www.barrons.com/articles/pfizer-stock-dividends-buybacks-earnings-1ddb89b

The big pharma company Pfizer has been on an M&A hot streak over the past couple of years, digging into its Covid-19 vaccine and therapeutic windfalls to go on a big-ticket buying spree.

That era is coming to an end, the company’s CEO and CFO signaled in an interview with Barron’s on Tuesday. Now it’s time for share buybacks and dividend increases.

“What we believe is going to happen now that we start to harvest the investments that we made in business development transactions,” Pfizer PFE –1.09% Chief Financial Officer David Denton told Barron’s, speaking shortly after the company reported first-quarter results that beat Wall Street expectations.

“We’ll be able to get more balanced into increasing our dividends, maybe more rapidly than we’ve had in the past,” Denton said. “Shareholders prefer some level of share repurchase, and we’ll be able to do that as well.”