« Need Pics for Powerpoint? Check out Flickr -- History, Art, Pathology, Implants, and Much More | Main | Health Sciences Libraries Survey »
January 31, 2007
Local News Gone Global: Pfizer in NATURE
From today's issue of NATURE.
A changing drug supply
Research cuts by the world's largest drug company reflect a challenging
outlook for the industry.
10.1038/445460a
http://ealerts.nature.com/cgi-bin24/DM/y/ecJA0SpFPX0HjB0BLD20E5
"Pfizer's announcement last week that it will cut its research marks a watershed for the pharmaceutical industry (see page 466). Until now Pfizer, the leading drug company in terms of both sales and research spending, and an important industry bellwether, has refrained from cutting its efforts to discover new drugs. Yet its $7 billion in annual R&D expenditures has failed to generate anything near the number of discoveries needed to cover those costs."
Posted by pfa at January 31, 2007 02:18 PM