Wyeth effexor price - A Better Way to Purchase Your Medications
Antidepressant Drug Market: Neutral Bulls Wyeth's Effexor holds the largest market share in the antidepressants to a lesser extent, by increase in price.
New York-based Pfizer managed with one stroke to overshadow a full house of issues: That's all on top of the effexor problem triggering this deal: Pfizer also plans to cut about 8, jobs, 10 percent of its workforce, as part of what it expects will be a staff reduction totaling 15 percent of the combined companies' workers -- implying a total job loss of almost 20, By buying Wyeth, wyeth effexor price, Pfizer will mutate from a maker of blockbuster pills to a one-stop shop for vaccines, biotech drugs, traditional pills and nonprescription products for both people and animals.
The cash-and-stock deal, one of the industry's biggest ever, is expected to close late in the third quarter or in the fourth quarter.
Those goals include increasing sales in emerging markets, enhancing the ability to treat specific diseases, such as Alzheimer's, and becoming a top player in vaccines and wyeth drugs, which are made from price cells. Analysts were split on how good the deal is but saw no benefit for consumers.
The deal likely will close, wyeth effexor price, she added.
Analyst Steve Brozak of WBB Securities said it still doesn't solve Pfizer's long-term problem of not having enough promising drugs in its pipeline. Wyeth the price quarter throughPfizer effexor cut 10 percent of its current workforce of 81, Pfizer also is halving its prized dividend to 16 cents per share and eliminating five of its 46 manufacturing sites.
Pfizer (PFE)
The company, long under pressure from big investors to make a bold move, said it expects eventually to cut the companies' combined workforce, nowpeople, by 15 percent. That includes the Pfizer cuts announced Monday, wyeth effexor price, which will hit most departments, from administration and sales to manufacturing and research. Pfizer has not identified which plants it will close. Wyeth, which sells Centrum vitamins, antidepressant Effexor and biotech arthritis and psoriasis treatment Enbrel, said there's been no decision on job cuts among its staff due to wyeth price.
Both companies already have been cutting staff and other costs, as have most in the industry ahead of a wave of patent expirations worth far more than the new drugs coming on the market. The deal is being financed by five banks: Both companies' boards of effexor approved the deal but Wyeth shareholders must do so.
The companies did not discuss the fate of other top Wyeth managers. The deal is likely to be reviewed by the Federal Trade Commission, which splits antitrust oversight with the Justice Department and typically handles pharmaceutical acquisitions. FTC spokesman Mitch Katz said the agency doesn't comment on pending transactions, wyeth effexor price.
Moody's Investors Service said it is reviewing Pfizer's ratings for a possible price and Wyeth for a possible upgrade, wyeth effexor price. Acquiring Wyeth adds strengths in developing and manufacturing vaccines and biologic drugs. Wyeth co-markets with Amgen Inc.
Shortly wyeth announcing the Wyeth deal, wyeth effexor price, Pfizer said fourth-quarter profit plunged on a charge to effexor investigations into off-label marketing. Effexor outlook includes costs of 21 cents per share related to financial strategies related to the acquisition, Pfizer said. Wyeth said Monday its fourth-quarter profit declined 5. Excluding restructuring charges, the company earned 78 cents per share in the latest quarter.
Troise in New York and Christopher S. Rugaber in Washington contributed to this price.