Big pharma just got bigger

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Big pharma just got bigger

Postby Chimborazo » Wed Oct 14, 2009 5:15 pm

http://www.marketwatch.com/investing/stock/pfe

Canadian Competition Bureau and U.S. Federal Trade Commission just gave the green light for Pfizer to acquire Wyeth. Deal expected to close tomorrow. The combined company will have about 129,000 employees (before layoffs over the next few years) and $71 billion in sales.
"The terrain is just too wiley coyote for me to risk it. Slam into arch, rope breaks, in the distance as I plummet 'meep meep'" -Caliban
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Re: Big pharma just got bigger

Postby svizzerams » Wed Oct 14, 2009 6:29 pm

Chimborazo wrote:http://www.marketwatch.com/investing/stock/pfe

Canadian Competition Bureau and U.S. Federal Trade Commission just gave the green light for Pfizer to acquire Wyeth. Deal expected to close tomorrow. The combined company will have about 129,000 employees (before layoffs over the next few years) and $71 billion in sales.


Pretty soon we will be down to one company. Pfizer is the most agressive of the companies I've dealt with. Wyeth folks were kinder and gentler in contrast.
Joan of Arc went to battle with nothing
but the voices in her head
and a well-sharpened sword ~ Charlotte

...those without swords can still die upon them...

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Re: Big pharma just got bigger

Postby Chimborazo » Wed Oct 14, 2009 7:07 pm

It will be interesting to see what they do. I think they'll keep the OTC business around, but I'm sure they're going to drop the hammer big time on a lot of people.
"The terrain is just too wiley coyote for me to risk it. Slam into arch, rope breaks, in the distance as I plummet 'meep meep'" -Caliban
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