Activist investor Starboard Value takes $1 bln stake in Pfizer- WSJ
) and wants the drugmaker to make sweeping changes to turn around laggard performance, the Wall Street Journal reported on Sunday.
Pfizer benefited greatly from demand for its vaccine during the COVID-19 pandemic. But demand has cooled over the past two years, while earnings and share performance have lagged after the firm overestimated future pandemic-related demand.
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