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Thousands of Job Cuts Likely After Drug Merger

Business  (tags: americans, corporate, economy, ethics, investments, marketing, money, society, finance, business )

- 3402 days ago -
Pfizer's $68 billion plan to buy another big drug company, Wyeth, seems like just the sort of blockbuster corporate merger that Wall Street has been starving for.

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sue M (184)
Monday January 26, 2009, 11:10 pm
Not only do they not care about your health but now they don't give a damn abut the people who helped bring then their wealth!

Kit B (276)
Tuesday January 27, 2009, 1:31 am
The evening news currently estimates at least 2,000 jobs lost with this merger. Yes, Sue the warm fuzzy pharmaceutical companies, like insurance companies are only concerned about their employees.

Past Member (0)
Tuesday January 27, 2009, 4:24 am
thank you, Sue

Krystina Bair (72)
Tuesday January 27, 2009, 11:50 am
"Pfizer is facing the looming expiration of the patents on some of its most profitable prescription medications, and its research pipeline is not expected to yield as many breakthrough drugs as it has in the past, Mr. Conover said. It has been shrinking gradually in recent years."

I feel for those losing their jobs, but for Pfizer to shrink, have patents run out, and not yield as many "breakthrough" drugs is (I believe) good news in the long run.

Nancy M (197)
Tuesday January 27, 2009, 11:59 am
This is a typical buyout, as has happened in many other industries since the dawn of the industrial age. Why should pharmaceuticals be any different than steel production, electronics, and all the other industries that have been eaten up and outsourced?

Past Member (0)
Tuesday January 27, 2009, 1:29 pm
Yeah. Pfizer. Know all about them. When they pulled out of Ann Arbor several years ago, thousands of people here lost their jobs here. When I think of Pfizer, my stomach turns...just what we need...a mega-pharma company, with MORE job losses!

Nancy M (197)
Tuesday January 27, 2009, 1:36 pm
Then they moved to Indiana for a short period of time. Not sure if they are still there.

Nikolas K (94)
Tuesday January 27, 2009, 3:25 pm
Well this is another chain around our ankles for the NWO (Communist
Also it should be noted that it was Gorbachov who said they had limited success with the peace movement but expect total success under the green movement.

Past Member (0)
Tuesday January 27, 2009, 5:55 pm
The NWO isn't communist, it's the exact opposite, Free Market Capitalism. Gorbachov had much to do with untangling the Soviet Union from being a communist state. Reagan had nothing other than claim the credit. Whoever gets on the bandwagon first with the green movement will be the first to reap the profits. I'm beginning to think the USA will become a player once the rushpublicans die off and reagan's body is removed to a toxic landfill.

Blue Bunting (855)
Saturday January 31, 2009, 3:57 pm
Remember those autoworkers?

I just saw the Devil and he's smilin' at meYes, GM is gonna take our money and "invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market." Every single person who made this possible should be put in the stocks and left to the judgment of the American people. In February, in Detroit.

sue M (184)
Saturday January 31, 2009, 4:05 pm
Oh, Blue Bunting I am with ya on that one! The stocks would be very good!

Lynn C (94)
Sunday April 28, 2013, 2:34 pm
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