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Pfizer Agrees to Pay $68 Billion for Rival Drug Maker Wyeth

Jan. 26, 2009
The deal creating a pharmaceutical giant is the first big merger backed by Wall Street in months.
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Pfizer, Wyeth agree to deal

NEW YORK, Jan. 26 (UPI) -- Drugmaker Pfizer announced Monday it had reached a $68 billion cash-and-stock agreement to merge with U.S. rival Wyeth.

Report: Pfizer in talks to buy Wyeth

NEW YORK, Jan. 23 (UPI) -- U.S. drug maker Pfizer Inc. is in talks with Wyeth about a possible purchase of the pharmaceutical rival, sources said.

Wyeth may cut work force by 10 percent

MADISON, N.J., Jan. 25 (UPI) -- New Jersey-based drug maker Wyeth confirmed Friday it may cut its work force by about 10 percent over the next three years, a report said Friday.

Pfizer shares tumbling on halted test

FRANKFURT, Germany, Dec. 4 (UPI) -- Shares of Pfizer Inc., the New York drug giant, tumbled Monday in European trading after a key cholesterol medicine prospect was being halted.

Pfizer bows out of Korean manufacturing

SEOUL, April 19 (UPI) -- Pfizer Inc. is closing its Seoul pharmaceutical plant, a facility that makes the hypertension drug Norvasc.

Pfizer's consumer unit worth $10B-$15B

LITTLE FALLS, N.J., Feb. 13 (UPI) -- The consumer business of big U.S. pharmaceutical Pfizer Inc. is worth between $10 billion to $15 billion, a consulting firm says.

Pfizer to do disease awareness ads

NEW YORK, Aug. 12 (UPI) -- Pharmaceutical giant Pfizer Inc. said about half of its new U.S. ads would encompass awareness of diseases and public health issues.

Wyeth to speed payouts in lawsuits

MADISON, N.J., Jan. 10 (UPI) -- U.S. pharmaceutical company Wyeth agreed to revise a class-action settlement of pending diet-drug claims, the Wall Street Journal said Monday.

Minnesota challenges Pfizer drug pricing

ST. PAUL, Minn., March 3 (UPI) -- Minnesota's State Board of Pharmacy Wednesday adopted a resolution pushing pharmaceutical giant Pfizer to restructure its prescription drug pricing.

Drug giant attacking malaria, SARS

NEW YORK, June 27 (UPI) -- Pfizer Inc., the world's largest drug maker, says its scientists are making progress against infectious scourges such as malaria, smallpox and SARS.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler