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Update

By: Kate RockwoodWed Mar 18, 2009 at 1:00 PM

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Take Two

From big molecules spring big deals: Drugmaker Wyeth, which develops large-molecule pharmaceuticals cultivated from living cells ("Grand Experiment," February), is set to be acquired by Pfizer in a $68 billion megamerger. The move, announced in January, helps Pfizer fill holes in its R&D pipeline and could soften the impact of looming patent expiration of several of its blockbuster drugs. One nasty side effect: about 19,500 jobs lost from the combined company over the next three years.

Topics:

Magazine, Business, Pfizer Inc., Mergers and Acquisitions, Company Activities and Information, Biotechnology Sector

From Issue 134 | April 2009

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Recent Comments | 3 Total

October 6, 2009 at 9:30pm by kgkgk kgkgkg

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November 18, 2009 at 4:07am by kgkgk kgkgkg

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November 18, 2009 at 4:08am by kgkgk kgkgkg

good articale
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