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Pfizer Inc. (PFE) CEO Albert Bourla Presents at Goldman Sachs 41st Annual Global Healthcare Conference (Transcript)

Jun. 09, 2020 4:47 PM ETPfizer Inc. (PFE)
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Pfizer Inc. (NYSE:PFE) Goldman Sachs 41st Annual Global Healthcare Conference June 9, 2020 1:20 PM ET

Company Participants

Albert Bourla - Chairman and CEO

Conference Call Participants

Terence Flynn - Goldman Sachs

Terence Flynn

Great. Good afternoon everybody, thank you for joining us. I'm Terence Flynn, the biopharma analyst at Goldman Sachs. I'm very pleased to welcome Pfizer for this session. Joining us from the company is Chairman and CEO, Albert Bourla. Albert, thank you very much for joining us today, really appreciate your time, and thank you for everything that the company is doing with respect to COVID-19, on both the vaccine and treatment front. I know it's a tremendous effort, and we appreciate everything you're doing.

Albert Bourla

Thank you very much, Terence, and it's a great privilege and a great responsibility these days to work on a solution.

Question-and-Answer Session

Q - Terence Flynn

Great. Maybe to get started, COVID-19 is obviously going to have near and long-ranging impacts on the system, companies' business models from delivery of care, clinical trial conducts, supply chain, any preliminary perspective that you can share from kind of where you sit in terms of how this is going to change or evolve both the business and your strategy as you approach the forward?

Albert Bourla

Actually I was reading earlier today a report that you circulate about the -- your assessment about how that could change the industry, and pretty much I agree with everything that you said. I think there are a lot of trends that are emerging as a result of COVID. I think the fundamental that will impact our industry, it is the fact that right now the hopes of billions of people and hundreds of millions of businesses, hundreds of governments are on this industry to find the solution, and that brings obviously the value

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