Pfizer buys Wyeth

Jan 26 - The world's largest drugmaker will pay $68 billion for Wyeth, boosting its pipeline as it gets closer to losing its patent on the cholesterol drug Lipitor. Pfizer is paying $68 billion dollars for rival drugmaker Wyeth, while announcing lower quarterly earnings and plans to slash its dividend in half. Pfizer's acquisition successfully tapped into the credit markets-- a sign of confidence in the company's strategy, according to analysts. Bobbi Rebell reports.

Category:

News & Politics

Tags:

• Pfizer
• buys
• Wyeth

[tedkanode123]

great strategy .. thanks for posting .. =)

[Resident460]

Pfizer has a pattern: acquire, requisition promising pipelines, pillage, destroy. Asshats.

[Soundstage8]

Pfizer is doing to other companies what Darth Vader did the the rebellion. Fuck pfizer.

[abrahamWCE]

Pfizer wants to save lives at the cost of killing company names in the world, what an irony

[Folgorect]

Me and another 400 employees lost our job for pfizer aquisition. Fuck u pfizer. From italy

[Time2GoFishing]

these people are the reason my girlfriend is moving!!!!!!!!! >:(

[jamiscairns]

generic drug makers spend $0 on R&D, unlike the Pharma companies who make the branded medication, so buying generic is defo cheaper, but in the long run, there will be less funding for future life-saving molecule discoveries.

[temple07152009]

I had been an Wyeth employee until 2005. The company given me a great opportunity to learn and grow. I could be wrong but it seems Generic medications might be good; however, you never underestimate brand value, name, quality.

[DoctorShats]

Generic medications are a lot less expensive than conventional branded drugs

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[9966442255]

KILLERS !!!