Word: pfizer
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...Pfizer (PFE) has already fired thousands of people. Most recently it cut 800 researchers and 2,400 sales personnel. The drug firm probably would have been more brutal if it could have been. (See TIME's A-Z Health Guide...
...Pfizer is now in merger negotiations with its one of its big pharm peers, Wyeth (WYE). The transaction would be done as a $60 billion buyout of Wyeth. According to The Wall Street Journal, "If completed, a deal could create billions in cost savings through the combination of back-office operations, research and development, sales and manufacturing...
...damning indictment was part of a 400-page, interim Commission report based on evidence collected during January raids at the headquarters to some of the world's biggest drug companies, including U.S. companies Pfizer and Johnson & Johnson, Britain's GlaxoSmithKline, Anglo-Swedish giant AstraZeneca, and Sanofi-Aventis of France. The other companies known to be raided were Wyeth, Merck, Bayer Schering Pharma and Roche, as well as generic firms Teva and Sandoz...
...According to the pharmaceutical market news service Pharmawire, around $114 billion worth of drugs will go off patent in 2008-12, including lucrative brands such as Eisai's Aricept, which treats Alzheimers, and Pfizer's Lipitor, which lowers cholesterol. Some analysts say patent expirations could lead AstraZeneca and GlaxoSmithKline to lose up to one third of their sales...
...petition signed by over 200 faculty and students was delivered to the office of Medical School Dean Jeffrey S. Flier, who was traveling at the time. The event drew the attention of representatives from the pharmaceutical company Pfizer and former New England Journal of Medicine editor Arnold S. Relman, a Medical School professor who extemporaneously addressed the group...