October 30, 2018 / 2:40 PM / 22 days ago

Pfizer CEO designate does not see need for large acquisitions

Oct 30 (Reuters) - Pfizer Inc does not see a need for any large acquisitions, the drugmaker's CEO designate Albert Bourla said, following the drugmaker's third-quarter earnings report on Tuesday.

Bourla's remarks came during a conference call with analysts after Pfizer cut its yearly revenue forecast, blaming supply snags and a strengthening dollar.

"We continue not to see the need for any large-scale M&A activity at this time," Bourla, currently Pfizer's chief operating officer, said.

Bourla succeeds Pfizer's longtime Chief Executive Officer Ian Read in January. (Reporting by Aakash Jagadeesh Babu in Bengaluru Editing by Sai Sachin Ravikumar)

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