Pfizer said Tuesday alongside its third-quarter financial results that its "strong" performance so far this year, together with ongoing cost improvement initiatives, prompted another increase to its annual guidance. The company now expects full-year sales of between $62 billion and $64 billion, up from an earlier range of $60.5 billion to $62.5 billion, with earnings per share now between $2.95 and $3.05, versus a prior estimate of $2.80 to $3 per share. Pfizer noted that the revised outlook also includes a $650-million charge related to its cancer drug-development deal with Innovent Biologics. "Pfizer had another strong quarter with commercial momentum and disciplined execution," remarked CEO Albert Bourla.However, overall sales in the three-month period were flat at $16.6 billion, mainly as a result of lower revenue from COVID-19 products, while net income fell 8% to $3.2 billion.Sales of the COVID-19 vaccine Comirnaty dropped 30% to $808 million, while its Paxlovid treatment slipped 63% to $449 million. Despite this, both products topped respective analyst projections of $770 million and $394 million. Outside of COVID-19 products, sales were led by the anticoagulant Eliquis, which climbed 24% to $2.5 billion, above analyst expectations of $2.4 billion. Revenue from the bladder cancer therapy Padcev, an antibody-drug conjugate Pfizer acquired through its $43-billion takeover of Seagen in 2023, rose 55% to $720 million. Other growth products included the Vyndaqel franchise (+11%, $1.8 billion), Nurtec ODT/Vydura (+33%, $547 million) and Lorbrena (+44%, $387 million).Separately on Tuesday, Pfizer confirmed that interim Chief Financial Officer Cecile Guegan was appointed to the role on a permanent basis effective Nov. 1. Guegan has served in the role since Aug. 16, following the departure of Dave Denton.Bourla said that Guegan "knows our company and industry deeply, and she has a proven track record of optimising financial performance while fueling growth… I'm confident she will help us execute with discipline and ambition."Alongside its financial print, Pfizer disclosed a number of discontinued pipeline programmes, including the anti-CXCR5 therapy PF-06835375, which was in Phase II development for immune thrombocytopenic purpura and Phase I for lupus. Another mid-stage asset on the chopping block was the anti-BMP9 drug PF-07868489, which was being investigated for pulmonary arterial hypertension.A number of early-stage programmes have also been shelved, including PF-07999415 in obesity and the GIPR agonist PF-08654696 for chronic weight management, which was being tested alone and in combination with the GLP-1 receptor agonist berobenatide (PF-08653944). Work on a pair of selective KRAS inhibitors — PF-07934040 and PF-07985045 — in advanced solid tumours has also ended.