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Business Description
Pfizer Inc. is a research-based, global pharmaceutical company that discovers, develops, manufactures and markets prescription medicines for humans and animals, as well as consumer healthcare products. Pfizer operates in three business segments. The pharmaceutical segment includes treatments for cardiovascular and metabolic diseases, central nervous system disorders, arthritis and pain, infectious and respiratory diseases, urogenital conditions, cancer, eye disease, endocrine disorders and allergies. The consumer healthcare segment includes self medications for oral care, upper respiratory health, tobacco dependence, gastrointestinal health, skin care, eye care and hair growth. The animal health segment includes treatments for diseases in livestock and companion animals. The Company also operates several other businesses, including the manufacture of empty soft-gelatin capsules, contract manufacturing, bulk pharmaceutical chemicals and diagnostics.

Financial Information
For the six months ended 6/27/04, total revenues rose 35% to $24.76 billion. Net income from continuing operations before acct. change applicable to Common totaled $5.16 billion vs. a loss of $1.22 billion. Results reflect the acquisition of Pharmacia and the launch of new products, and a decrease in merger related costs.