Pharmaceutical

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The Associated Press reports that two drugmakers-Eli Lily and Pfizer- spent hundreds of millions of dollars last year to raise awareness of a murky illness-fibromyalgia-helping boost sales of pills

King Pharmaceuticals Inc. has announced they will slash 22 percent of its jobs to reduce expenses, reported by the Associated Press. King will eliminate 520 jobs, including 380 sales positions

According to Reuters, GlaxoSmithKline is set to announce about 6,000 job losses when it posts results. The cuts by Glaxo, the world''s second largest drugs company after U.S. group

Doctors have long assumed that most antidepressants are interchangeable. But according to a new study reported by the Associated Press, Zoloft and Cipralex work slightly better than ten other popular

The Associated Press reports that Pfizer Inc. is buying rival drugmaker Wyeth in a $68 billion deal that will increase its revenue by 50 percent, solidify its No. 1 rank

The Associated Press reports that Pfizer Inc. plans to lay off nearly a third of its 8,000 salespeople. Company spokespeople declined to comment on a Wall Street Journal report that

Pfizer Inc., the world''s biggest drug company, is laying off up to 800 scientists this year in its latest effort to refocus disappointing research efforts and cut its massive overhead

Medical products and drug maker Abbott Laboratories is buying Advanced Medical Optics Inc. for about $1.36 billion plus debt to expand its eye-care offerings, including laser vision correction, as reported

The U.S. Patent & Trademark Office issued a notice allowing Pfizer to correct a technical defect in one of the patents involving Pfizer''s cholesterol medicine Lipitor, the world''s top-selling

Pfizer is willing to acquire a large rival drugs company to improve its financial health, in a move that could trigger a fresh round of mergers within the sector. Pfizer’s