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JUL 30, 2013 - Yahoo! News

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Cost controls help Pfizer, Merck weather weak quarter

By Bill Berkrot and Ransdell Pierson (Reuters) - Big Pharma is still relying on belt-tightening to prop up financial results. Pfizer Inc and Merck & Co said on Tuesday their quarterly results were again hit by generic competition for once top-selling products and the toll of a strong dollar on overseas revenue. Controls on marketing and administrative expenses, and other costs, helped them report earnings slightly above Wall Street estimates. ...

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