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January 31, 2007
Local News Gone Global: Pfizer
I thought people might be interested in seeing the article in todays NATURE about the Pfizer changes impacting on us locally.
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 02:15 PM
Comments
Watched the televised conference (Pres. Coleman, Governor Granholm, David Cantor, Mayor Hietjke, etc.) and they all seemed very determined to make the best of the Pfizer situation, perhaps with an industrial park consisting of both private and public enterprises. Lots of good questions and, believe it or not, an upbeat spirit to the whole event.
Posted by: schnitzr at February 5, 2007 03:06 PM
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