Breaking News

Pfizer To Acquire Wyeth

Pfizer will buy Wyeth for $68 billion in cash and stock.

Author Image

By: Tim Wright

Editor-in-Chief, Contract Pharma

Pfizer will buy Wyeth for $68 billion in cash and stock. The deal is intended to give Pfizer a broader product base, more geographical coverage, and an established biologics foundation to help it survive the loss of Lipitor’s exclusivity at the end of 2011. Said Jeffrey B. Kindler, Pfizer’s chairman and chief executive officer, “The combination of Pfizer and Wyeth provides a powerful opportunity to transform our industry. It will produce the world’s premier biopharmaceutical compa...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters