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26 Jan 2009, 7:10 am
Over the weekend, it was leaked that Pfizer Inc. would be acquiring Wyeth for about $68 billion, using a combination of cash on hand, stock and borrowed cash. [read post]
26 Jan 2009, 12:47 am
Barclays PLC and Citigroup Inc. acted as financial advisers. [read post]
25 Jan 2009, 2:36 pm
Morgan Stanley and Evercore Partners Inc. are counseling Wyeth, the people said. [read post]
24 Jan 2009, 5:37 am
It employs 5,000 in the Phila. region.By Miriam HillInquirer Staff WriterA $60 billion purchase of drugmaker Wyeth by rival Pfizer Inc. is not a certainty, but if it does happen, it could lead to thousands of job cuts throughout Wyeth, including at its extensive Philadelphia-area operations.No one from the two pharmaceutical companies would comment yesterday on reports of ongoing acquisition talks. [read post]
23 Jan 2009, 11:58 pm
Inc. analyst Timothy Anderson predicted that Pfizer would cut 70 percent of Wyeth's current $10 billion budget for research and development, and for marketing and administrative expenses.He based his estimates on an eventual sale price of $65 billion.At the Wyeth Pharmaceuticals campus in Malvern yesterday, workers, most of whom declined to give their names, said they had heard almost nothing. [read post]
12 Jan 2009, 9:57 pm
By Donald Zuhn --Last month, Medarex, Inc., Eurand, Inc., and Alexion Pharmaceuticals, Inc. joined the growing list of patentees that have filed complaints against U.S. [read post]
24 Dec 2008, 8:12 am
He was sentenced to six years for his role in the scheme, which netted more than $6 million from the drug company Wyeth. [read post]
15 Dec 2008, 5:39 am
A US Senator claims that Wyeth paid a company to ghostwrite medical journal articles about its hormone therapy products and seek academic scientists to sign them as authors.According to papers from lawsuits suggest the drugmaker hired DesignWrite Inc. of Princeton, New Jersey, to draft manuscripts related to the Wyeth products and breast cancer risks, according to letters released today from Senator Charles Grassley of Iowa to the companies. [read post]