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Pharmaceutical

Wisconsin AG hails major victory against Pfizer unit

February 18, 2009
The attorney general for the state of Wisconsin announced that a subsidiary of Pfizer Inc. could pay more than $153 million to the state for artificially inflating prescription drug prices
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Sepracor''s Lunesta targeted by generics

February 16, 2009
The Boston Business Journal reports that two competitors of drug maker Sepracor, have filed applications to produce and market generic versions of their blockbuster sleep aid Lunesta. Sepracor disclosed in
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German drugmaker accused by Alabama of overpricing

February 11, 2009
An attorney for the state of Alabama told jurors that generic drug producer Sandoz Inc. set out to cheat the state''s Medicaid program with inflated prices, a claim the
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Drugmakers provide grants for ‘murky’ disease

February 9, 2009
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
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King Pharmaceuticals to cut 760 jobs in restructuring

February 4, 2009
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
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GlaxoSmithKline to cut 6,000 jobs

February 2, 2009
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
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New study says Zoloft and Cipralex work better than other antidepressants

January 29, 2009
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
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Pfizer to buy Wyeth for $68 billion, cut jobs

January 26, 2009
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
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Report: Pfizer cutting up to 2,400 sales jobs

January 20, 2009
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
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Pfizer eliminating up to 800 scientist jobs

January 14, 2009
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
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