February 2007
Change is afoot at the worlds largest drug company. After safety concerns led Pfizer (New York, NY) to halt development of Torcetrapib, the blockbuster cholesterol drug in which it invested $800 million, the company has been scrambling to refocus itself. As Pfizer seeks to fill the gaps in its pipeline, it is hungry for acquisitions in the areas of "diabetes, neurology, infectious disease, and oncology that combined have a worldwide market potential significantly in excess of $200 billion," according to management.
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