Pfizer, Inc. · NYSE:PFE

Pfizer — Investor Day (January 2007)

56 slides from Pfizer's investor day presentation, Jan 22, 2007

  1. Slide 1: Analyst Meeting: Commercial Operations

    ANALYST MEETING Commercial Operations Ian Read President Worldwide Pharmaceutical Operations

  2. Slide 2: Our Growth Drivers in Brief

    ANALYST MEETING 2007 Our Growth Drivers in Brief ƒ The Lipitor benefits: LDL lowering + CV outcomes + Safety ƒ Wealth of clinical data with new insights from payer databases ƒ More aggressive treatment guidelines working for us ƒ Flexible contracting ƒ Stabilized and focused on growth after strong 2

  3. Slide 3: Our Growth Drivers in Brief

    ANALYST MEETING 2007 Our Growth Drivers in Brief ƒ Turnaround is taking hold ƒ Strong uptick in last four months ƒ Effective consumer and physician awareness campaign ƒ Plans to further secure access ƒ An excellent medicine ƒ Pursuing significant follow-on indications – great potential ƒ Major reven

  4. Slide 4: A Leaner, More Flexible, and Customer-Focused Organization

    ANALYST MEETING 2007 A Leaner, More Flexible, and Customer-Focused Organization ƒ Field force and other cost initiatives ƒ Moving to smaller, more agile units ƒ New approaches to commercializing medicines ƒ Therapeutic area focus ƒ Much more focus on the customer and creating meaningful value for th

  5. Slide 5: Solid 2006 Performance

    ANALYST MEETING 2007 Solid 2006 Performance $45.1 Billion 2% Growth Key Key Product Product Performance Performance $12,886 M $2,039 M $1,156 M $758 M 6% 18% 297% 29% Growth Growth Growth Growth Launched Launched Four Four New New Products Products 2006 Revenues Implementation of proposed intentions

  6. Slide 6: 2006 in Brief

    ANALYST MEETING 2007 2006 in Brief ƒ Overall sales growth of 6%, despite entry of generic simvastatin and branded competition ƒ Market continued to grow strongly ƒ Intense focus on field force support, share of voice, and access ƒ Results: the rate of both new patient starts and switches stabilized

  7. Slide 7: Lipitor New Patient Starts and Switch Trends Stabilized

    ANALYST MEETING 2007 Lipitor New Patient Starts and Switch Trends Stabilized New New Patient Patient Starts Starts Percent Percent Switch Switch From From Lipitor Lipitor Jan 1st ACC/ Jan 1st ACC/ MMA, ESI ASTEROID Zocor LOE MMA, ESI ASTEROID Zocor LOE 40% 60% 35% 50% 30% Total Simva LIPITOR 40% 25%

  8. Slide 8: 2007: Issues and Opportunities for Lipitor

    ANALYST MEETING 2007 2007: Issues and Opportunities for Lipitor ƒ Multiple entries of generic simvastatin ƒ Continuing competition from branded agents ƒ Increased pressure on formularies ƒ Increased emphasis on treating to more aggressive cholesterol targets ƒ Expect continuing robust market growth

  9. Slide 9: Action Plan for Lipitor

    ANALYST MEETING 2007 Action Plan for Lipitor ƒ Potency – a unique and compelling package of benefits ƒ Growing real-world evidence from payer databases that talk to Lipitor’s value ƒ Increased emphasis on treating cholesterol to lower targets ƒ 70% Tier 2 access maintained for national contracts and

  10. Slide 10: Lipitor - A New Definition Of Potency

    ANALYST MEETING 2007 Lipitor - A New Definition Of Potency A Package of LDL + CV Outcomes + Safety LDL Outcomes Safety LDL/Outcomes/ Safety ƒ Up to 50% ƒ Proven to reduce ƒ Proven safety LDL-C stroke (48%), profile across the reduction with MI (45%), and dose range starting doses revascularization (

  11. Slide 11: Real-World Data Should Make a Difference with Payers

    ANALYST MEETING 2007 Real-World Data Should Make a Difference with Payers 30% 30% Significantly Significantly Lower Lower Risk Risk Of Of CV CV 1.00 Events Events With With Atorvastatin Atorvastatin vs vs Other Other Statins Statins Proportion of Patients without CV Events Adjusted Adjusted for for

  12. Slide 12: Summary for Lipitor

    ANALYST MEETING 2007 Summary for Lipitor ƒ Strong, unique product attributes ƒ Aggressive cholesterol treatment guidelines driving favorable market dynamics ƒ Plan for modest growth, subject to risks and uncertainties ƒ Comprehensive competitive plans on all fronts – selling, data, access Implementa

  13. Slide 13: Celebrex 2006

    ANALYST MEETING 2007 2006 ƒ A great year ƒ 18% growth, $2 billion in sales ƒ Stabilized prescriptions ƒ Now, let’s continue to grow Implementation of proposed intentions expressed in this document may be subject to works councils and consultation in certain countries 13 Valid as of January 22, 2007.

  14. Slide 14: 2007: Issues and Opportunities for Celebrex

    ANALYST MEETING 2007 2007: Issues and Opportunities for Celebrex ƒ Overall consumer safety perceptions post-Vioxx ƒ Specific misperceptions vis-à-vis OTCs, alternative NSAIDS ƒ Some consumers believe Celebrex has been withdrawn ƒ But opportunity exists to address these issues and enhance physician-p

  15. Slide 15: Vioxx Withdrawal Changed Consumers Perceptions

    ANALYST MEETING 2007 Vioxx Withdrawal Changed Consumers Perceptions % % Consumers Consumers Agreeing Agreeing Product Product Safe Safe for for People People with with Heart Heart Conditions Conditions 42% 43% 25% 24% 22% 21% 16% 17% 16% 11% Rx Rx Celebrex Ibuprofen Advil Aleve Tylenol Celebrex Ibup

  16. Slide 16: Action Plan for Celebrex

    ANALYST MEETING 2007 Action Plan for Celebrex ƒ Take cardiovascular safety head-on ƒ Address concerns and free up more time with physician on benefits ƒ Build understanding of key facts with consumers ƒ Reinforce field force efforts Implementation of proposed intentions expressed in this document ma

  17. Slide 17: Celebrex is Taking a Non-traditional Road

    ANALYST MEETING 2007 Celebrex is Taking a Non-traditional Road … Addressing CV Safety First Early Early Results: Results: ““CV CV First” First” Message Message Delivers Delivers Share Share Increase Increase 12% 11.1% Monthly NRx Share 10% 10.5% 8% Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- N

  18. Slide 18: CV Safety First for Celebrex

    ANALYST MEETING 2007 “CV Safety First” for Celebrex … Reinforcing Field Force Efforts Physicians Physicians Patients Patients ƒ Pfizer medical personnel deployed ƒ Developed breakthrough locally to discuss this issue with communication for consumers that helps put the risk in context medical profess

  19. Slide 19: Lyrica 2006

    ANALYST MEETING 2007 2006 ƒ Extraordinary launch ƒ Benefiting more than four million patients ƒ U.S. leader in diabetic peripheral neuropathy/ postherpetic neuralgia (DPN/PHN) ƒ $1.1 billion in revenues ƒ Patients showing strong preference Implementation of proposed intentions expressed in this docu

  20. Slide 20: 2007: Issues and Opportunities for Lyrica

    ANALYST MEETING 2007 2007: Issues and Opportunities for Lyrica ƒ Must continue to grow market and gain DPN/PHN share ƒ Must support physician in diagnosis and patients in describing symptoms ƒ Fibromyalgia – exciting potential new indication Implementation of proposed intentions expressed in this do

  21. Slide 21: Prescribing Behavior Is Fueling Lyrica's Growth

    ANALYST MEETING 2007 Prescribing Behavior Is Fueling Lyrica’s Growth ƒ More physicians report using Lyrica first-line for DPN/PHN than any other therapy (30%) ƒ 73% of general practitioners are extremely satisfied with Lyrica vs. less than half (43%) for gabapentin ƒ 78% of physicians expect to incr

  22. Slide 22: Action to Encourage Proper Diagnosis

    ANALYST MEETING 2007 Action to Encourage Proper Diagnosis Physicians Physicians Patients Patients ƒ Six-question patient-completed screening tool ƒ Validated via two-phase, multi-center study including Helping Helping patients patients understand understand and and >800 patients express express THEI

  23. Slide 23: Fibromyalgia – An Exciting Potential New Indication for Lyrica

    ANALYST MEETING 2007 Fibromyalgia – An Exciting Potential New Indication for Lyrica ƒ Submitted sNDA and optimistic for second half 2007 launch ƒ Often misdiagnosed ƒ Committed to providing new tools for physicians ƒ Support evidence-based treatment guidelines ƒ Raise awareness and empower patients

  24. Slide 24: Geodon 2006

    ANALYST MEETING 2007 2006 ƒ U.S. sales over $600 million ƒ 31% growth ƒ Atypical anti-psychotic market is changing ƒ Fastest-growing agent in U.S. market over past six months Implementation of proposed intentions expressed in this document may be subject to works councils and consultation in certain

  25. Slide 25: Geodon - Know the Facts

    ANALYST MEETING 2007 Geodon - “Know the Facts” ƒ Favorable metabolic profile confirmed by the CATIE* study has driven improved product perceptions and prescription growth ƒ Key focus on further enhancing and improving patient treatment – Metabolic awareness campaign: Know the Facts – Screening initi

  26. Slide 26: 2006: A Turnaround Story

    ANALYST MEETING 2007 2006: A Turnaround Story ƒ Tremendous growth ƒ Performance significantly accelerating over last four months ƒ Through November 2006 TRx’s are up 39% and NRxs are up 41% ƒ Targeted consumer campaign ƒ Re-energized field force with more focused, consistent messaging that has gotte

  27. Slide 27: 2007 Action Plan for Caduet

    ANALYST MEETING 2007 2007 Action Plan for Caduet ƒ Increased emphasis on expansion of highly successful consumer strategy ƒ Strengthened message that focuses on clear patient targets supported by outstanding compliance data ƒ Increased emphasis on formulary access Implementation of proposed intentio

  28. Slide 28: Sutent 2006

    ANALYST MEETING 2007 2006 ƒ An excellent medicine, exceeding expectations ƒ Lead product from cohort of new oncology medicines ƒ 15,000 patients have benefited ƒ Pursuing significant follow-on indications with great potential Implementation of proposed intentions expressed in this document may be su

  29. Slide 29: Sutent Doubles Progression-Free Survival Over Standard of Care

    ANALYST MEETING 2007 Sutent Doubles Progression-Free Survival Over Standard of Care Implementation of proposed intentions expressed in this document may be subject to works councils and consultation in certain countries 29 Valid as of January 22, 2007.

  30. Slide 30: Sutent Phase Results in GIST Reported in the Lancet

    ANALYST MEETING 2007 Sutent Phase 3 Results in GIST Reported in the Lancet 100 SUTENT (n = 207) 90 median 27.3 weeks ƒ DSMB un-blinded Time-to-tumor-progression 80 Placebo (n = 105) median 6.4 weeks trial early due to 70 clear emerging probability (%) HR = 0.33 60 benefit 95% CI [0.23-0.47] 50 P <0.

  31. Slide 31: Sutent: Outlook for 2007 and Beyond

    ANALYST MEETING 2007 Sutent: Outlook for 2007 and Beyond ƒ Launch in 20 additional countries Refractory Breast Cancer* ƒ Broaden usage in RCC via Baseline Scan first-line indication ƒ Explore new combinations and sequences ƒ Continue to study Sutent in new Cycle Two Scan indications for large tumor

  32. Slide 32: Exubera 2006

    ANALYST MEETING 2007 2006 ƒ Breakthrough delivery system ƒ Manufacturing issues/ensuring supply ƒ Phased approach ƒ Educating specialists ƒ Focus on ensuring complete understanding of new inhaler technology Implementation of proposed intentions expressed in this document may be subject to works coun

  33. Slide 33: Value Proposition of Exubera Can Break the Destructive Cycle

    ANALYST MEETING 2007 Value Proposition of Exubera Can Break the Destructive Cycle Diet and Treatments Treatments’’ Maximum Maximum Efficacy Efficacy Exercise Byetta/ 8.2 1 Oral Example: Metformin SUs TZDs Januvia Exubera y 9% Agents e HbA1c a 2 Oral r Agents s -0.8% 3 Oral -0.9% Agents ADA -1.4% Ins

  34. Slide 34: 2007: Issues and Opportunities for Exubera

    ANALYST MEETING 2007 2007: Issues and Opportunities for Exubera ƒ Expanded rollout underway ƒ Focus on fundamental market drivers ƒ Intensified support ƒ Innovative treatment for global epidemic growing at alarming rate Implementation of proposed intentions expressed in this document may be subject

  35. Slide 35: Action Plan for Exubera

    ANALYST MEETING 2007 Action Plan for Exubera ƒ Focus field force and consumer efforts on why it’s critical to “break the cycle” ƒ Work with diabetes educators to provide practical guidance ƒ Roll-out to both primary care physicians and specialists ƒ Leverage patient satisfaction data ƒ Initiate DTC

  36. Slide 36: Chantix 2006

    ANALYST MEETING 2007 2006 ƒ Early success: physicians reporting higher percent of patients able to quit ƒ Market growth ƒ Growing understanding of smoking as chronic relapsing condition Implementation of proposed intentions expressed in this document may be subject to works councils and consultation

  37. Slide 37: 2007: Issues and Opportunities for Chantix

    ANALYST MEETING 2007 2007: Issues and Opportunities for Chantix ƒ Market largely “cold turkey” ƒ Smokers want a “magic pill” and have unrealistic expectations ƒ Can lead to quick uptake – and then failure ƒ Must build patient and physician understanding of smoking ƒ Medical and behavioral support ƒ

  38. Slide 38: Launch Strategies for Chantix to Address Key Issues

    ANALYST MEETING 2007 Launch Strategies for Chantix to Address Key Issues ƒ Build a medically supported quit market over time ƒ Price Chantix for cash market ƒ Drive benefits coverage Implementation of proposed intentions expressed in this document may be subject to works councils and consultation in

  39. Slide 39: Get Quit – Chantix's Behavior Modification Program

    ANALYST MEETING 2007 Get Quit – Chantix’s Behavior Modification Program Enrollment Cards Personalized Website ƒ Developed by leading smoking-cessation experts ƒ Personalized support to meet the physical, psychological and social challenges of quitting Interactive Workbooks – Addresses critical behav

  40. Slide 40: Early Success with Chantix

    ANALYST MEETING 2007 Early Success with Chantix ƒ Physicians report a higher percent of patients able to quit with Chantix compared to Zyban and NRT ƒ Significant increase in physicians and consumers who see smoking as a chronic relapsing condition ƒ Physicians demonstrating understanding that relap

  41. Slide 41: 2007: New Product Launches

    ANALYST MEETING 2007 2007: New Product Launches Maraviroc Maraviroc Dalbavancin Dalbavancin Fesoterodine Fesoterodine ƒ First CCR5 ƒ Once-weekly dosing ƒ Promising results in antagonist for HIV ƒ Complicated skin treating overactive infections caused by bladder ƒ Support of Tropism Assay Gram-positi

  42. Slide 42: A Common Thread

    ANALYST MEETING 2007 A Common Thread ƒ Listening and talking differently to address the need ƒ Customer care support system; Patient Ambassador Program ƒ “Get Quit”, helping people with the ‘how’ to quit ƒ Enabling better diagnosis that leads to appropriate treatment Maraviroc ƒ Providing the diagno

  43. Slide 43: Capitalizing on Opportunities

    ANALYST MEETING 2007 Capitalizing on Opportunities Implementation of proposed intentions expressed in this document may be subject to works councils and consultation in certain countries 43 Valid as of January 22, 2007.

  44. Slide 44: The Commercial Organization Will Be…

    ANALYST MEETING 2007 The Commercial Organization Will Be… Closer Closer to to the the customer customer Accountable Accountable Agile Agile Effective Effective Innovative Innovative Implementation of proposed intentions expressed in this document may be subject to works councils and consultation in

  45. Slide 45: A Leaner, More Flexible, and Customer-Focused Organization

    ANALYST MEETING 2007 A Leaner, More Flexible, and Customer-Focused Organization 1 Structure 2 Cost Base 3 Customers Implementation of proposed intentions expressed in this document may be subject to works councils and consultation in certain countries 45 Valid as of January 22, 2007.

  46. Slide 46: The New U.S. Organization: Five Separate, Accountable Performance Units

    ANALYST MEETING 2007 The New U.S. Organization: Five Separate, Accountable Performance Units CV/ Urology/ Customer Metabolic Respiratory CNS/Pain Specialty Support Marketing Marketing Marketing Marketing Marketing Medical Medical Medical Medical Medical Sales Sales Sales Sales Sales Operations Suppo

  47. Slide 47: Europe Is Already Reorganizing

    ANALYST MEETING 2007 Europe Is Already Reorganizing Transforming Transforming Our Our Organization Organization to to Achieve Achieve Excellence Excellence and and Leadership Leadership in in Both Both Brand Brand and and Customer Customer Management Management Tomorrow, ƒ Country organizations focu

  48. Slide 48: The Commercial Organization

    ANALYST MEETING 2007 The Commercial Organization Customer and Brand Global Product Development U.S. Europe Global CV and Metabolic Commercial Development U.S. Japan/Asia Urology/Respiratory Commercial CV R&D U.S. Canada/ CNS/Pain Latin America/ Africa, Middle East U.S. Commercial CNS R&D Specialty U

  49. Slide 49: Therapeutic Area (TA) Model

    ANALYST MEETING 2007 Therapeutic Area (TA) Model Developing Developing medicines medicines that that meet meet medical medical need need and and that… that… ƒ Patients will take ƒ Physicians will prescribe ƒ Customers will pay for ƒ Add the most value for Pfizer Product Market Development TA Develop

  50. Slide 50: A Leaner, More Flexible, and Customer-Focused Organization

    ANALYST MEETING 2007 A Leaner, More Flexible, and Customer-Focused Organization 1 Structure 2 Cost Base 3 Customers Implementation of proposed intentions expressed in this document may be subject to works councils and consultation in certain countries 50 Valid as of January 22, 2007.

  51. Slide 51: Highlights of Cost Restructuring

    ANALYST MEETING 2007 Highlights of Cost Restructuring Reduced Reduced Cost Cost Base Base More More Streamlined Streamlined ƒ Field force reductions ƒ Increasing overall span of – 20% U.S. control from 6.7 to 7.5 – Proposed 22% Europe ƒ Eliminating layers from 12 layers to 9 layers ƒ Proposed non-fi

  52. Slide 52: Ensuring Success of the U.S. Field Force Transformation

    ANALYST MEETING 2007 Ensuring Success of the U.S. Field Force Transformation ƒ Right-sized field force ƒ Minimized disruption of rep/physician relationships ƒ Implemented swiftly to limit disruption ƒ Ensured competitive share of voice ƒ Aggressive incentive program Implementation of proposed intent

  53. Slide 53: A Leaner, More Flexible, and Customer-Focused Organization

    ANALYST MEETING 2007 A Leaner, More Flexible, and Customer-Focused Organization 1 Structure 2 Cost Base 3 Customers Implementation of proposed intentions expressed in this document may be subject to works councils and consultation in certain countries 53 Valid as of January 22, 2007.

  54. Slide 54: Piloting New Selling Models

    ANALYST MEETING 2007 Piloting New Selling Models Today… ““Transactional” Today… Transactional” Tomorrow …”Relational” Tomorrow…”Relational” Insights Insights from from the the Pilot Pilot Models Models Customers Customers Representatives Representatives Business Business ƒ Improved access to ƒ Incre

  55. Slide 55: Customers: Engage Differently, Create Meaningful Value

    ANALYST MEETING 2007 Customers: Engage Differently, Create Meaningful Value Consumers Policymakers Pharmacists Scientists Physicians Regulators Patient Groups Implementation of proposed intentions expressed in this document may be subject to works councils and consultation in certain countries 55 Va

  56. Slide 56: In Summary, Commercial Operations Has:

    ANALYST MEETING 2007 In Summary, Commercial Operations Has: ƒ The right priorities ƒ Strong strategies to maximize revenues of our medicines ƒ Intense focus on the customer and creating meaningful value for them ƒ Determined organization that takes pride in its performance Implementation of proposed

Pfizer — Investor Day (January 2007) on 6ix