Pfizer CEO Albert Bourla said the most-favored-nation drug pricing agreements are signed and will remain in place through the end of the current administration's term.

I think the agreements are signed and are going until the end of the term of this government,

Bourla said Pfizer is pausing big dealmaking for now and will focus on the cancer and obesity drugs it has already acquired.

CEO Albert Bourla said the company is instead focusing on the cancer and obesity drugs it acquired through the ...

Bourla says the industry has moved from fear over tariffs and MFN in 2025 to a stable policy environment that should last.

it is a very big contrast vis a vis what I was telling you a year ago in 2025, I was really scared. About the implications that either tariffs or MFN could have. I think through the successful navigation, of those issues, we brought the stability that it is now projected to last.

Bourla likens the obesity drug commercial model to the Viagra launch, with out-of-pocket payment and e-commerce driving much larger international markets.

People are willing to pay out of pocket for products that they value irrelevant if they are reimbursed or not. That creates dramatically different size in the international markets. The second was that because of the consumer nature of these launch, the ecommerce and the Internet as it happened with Viagra.

Bourla says AI is changing pharma promotion, especially at the patient level.

And to add another dimension, AI is changing the way that promotions are happening right now. And not only at the physician's level, actually, even more importantly at the patient's level.