Pfizer to cut 10% of workforce as expiry of big patents looms
Times Online - The company has also lost a series of patents on other products, such as the antibiotic Zithromax, the depression drug Zoloft and Norvasc, a treatment for blood pressure. Analysts believe that new drugs being developed by Pfizer will produce only
Source: business.timesonline.co.uk
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Wharton - The company faces a dearth of new drugs to replace top sellers due to lost patent protection in the next few years, and has canceled work on a highly anticipated depression drug that failed in late-stage trials. Wharton faculty and outside analysts
Source: knowledge.wharton.upenn.edu
Industry Wrapups
Boston Business Journal - in Mass, R.I. [Thursday] Charles River Assoc. profit rose in Q2 [Thursday] EMC reaffirms outlook, buys back shares [Thursday] InfoUSA caps purchase of OneSource Information [Thursday] NEWBO names LaPlante-Dube new president [Thursday] Repligen depression drug
Source: boston.bizjournals.com
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