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Pfizer
BSE: 500680|NSE: PFIZER|ISIN: INE182A01018|SECTOR: Pharmaceuticals
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Chairman's Speech (Pfizer) Year : Mar '13
Dear Shareholders,
 
 For more than 60 years, your Company has played a significant role in
 India''s ongoing journey to better health. Along this journey and to
 drive the OWN IT! model, we took a hard look at our business and
 decided to take a new strategic path of realigning our portfolio and
 products to a therapeutic model.
 
 Keeping the patient as the centre of our focus, your Company has
 restructured the commercial organization into three business units -
 the Innovative Core; the Value Core and the Trade Team. The earlier
 model was an amalgamation of various businesses that came to Pfizer
 from past acquisitions. The new model, with each team handling a
 therapeutic and customer focused area, is designed to drive better
 customer relations and improved efficiency.
 
 Internally, your Company is inculcating an OWN IT! culture wherein
 every employee acts like an owner. Our employees are living and OWNing
 the culture change in Pfizer, driving the newly realigned business
 portfolio to faster growth while maintaining the highest level of
 integrity, ethics and compliance.
 
 The external environment is fraught with uncertainties but our renewed
 vision, purpose and strategic approach gives us the opportunity to
 consolidate our foundation and be resilient to challenges.
 
 During the year, your Company divested its animal health business to
 its subsidiary, Pfizer Animal Pharma Pvt. Ltd. Thereafter in December
 2012, your Company sold its entire holding in the said subsidiary. This
 transaction better positions Pfizer to focus on its core business as an
 innovative biopharmaceutical company.
 
 I am confident that with your support and that of our stakeholders, we
 will deliver on our goals.  Thank you for your continued support and
 confidence in the leadership.
 
                                                    Regards,
 
                                         Aijaz Tobaccowalla
 
                                          Managing Director
 
                                             Pfizer Limited
Source : Dion Global Solutions Limited
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