Activist investor Starboard Value has invested approximately $1 billion in Pfizer Inc (NYSE:PFE). This strategic move occurs as the pharmaceutical giant grapples with a downturn in demand for its COVID-19 vaccines and treatments. What Happened: Starboard has engaged former Pfizer executives, Ian Read and Frank D’Amelio, to assist in revitalizing the company’s performance, The Wall Street Journal reported, citing people familiar with the matter. Pfizer’s market value was approximately $162 billion as of Friday, with its shares having halved since their peak in late 2021. The company’s stock per…
