Pfizer
ddobbs | September 2, 2009You can't make this stuff up. As PharmaGossip (among others, including the Times) reportst, a drug company pays $2.3 billion in fines to settle charges of unprecedented seriousness about practices that directly put patients at risk, and that came out of a four-year federal investigation. And some yahoo right-winger asserts this fine -- years in the works, unprecedented in scope, settling allegations rising from an investigation that started during the Bush Administration -- is really part of Obama's effort to "federalize" medicine and cut costs.
Here's the video of the DOJ's press conference…
sciencepunk | April 7, 2009
The Associated Press reports that lawyers working on a multi-billion dollar lawsuit against Pfizer are close to reaching a settlement.
Nigerian authorities allege that Pfizer conducted deadly drug experiments in Nigeria's northern Kano state during devastating meningitis outbreak. They claim that the pharmaceutical giant used children there for an unlicensed trial of what it hoped would be a new "blockbuster" drug - a broad spectrum antibiotic that could be taken in tablet form. Pfizer disagrees, insisting that it acted with approval from the Nigerian government and with the consent of…
ddobbs | January 27, 2009
Pharma giant Pfizer got bigger on Monday, purchasing Wyeth Pharamceuticals for $65 billion in one of the few big business moves to get funding lately. This comes after several years of aggressive cost-cutting and huge layoffs at Pfizer, and was announced as the company released an annual report revealing a $2.3 billion settlement for offl-label marketing.
At least one Pfizer employee feels that Wyeth employees should be warned.
I feel sorry for the good people of Wyeth. You didn't ask to be gobbled up by this monster. As for myself, I was just to lazy/stupid/complacent to leave. I got…
ddobbs | January 27, 2009
Close on the heels of Lilly's $1.42 billion penalty for off-label marketing comes the news that Pfizer paid out $2.3 billion to settle similar allegations.
From FiercePharma
News of the Pfizer-Wyeth merger this morning drowned out some not so good news for the company. Just after announcing its $68 billion buyout of Wyeth, Pfizer published its 2008 fourth quarter earnings report. In it, Pfizer reveals a $2.3 billion charge to end investigations into allegations of off-label promotions of the company's COX-2 meds, including Bextra. That settlement caused a 90 percent reduction in Pfizer's…
sporte | August 4, 2008Pfizer has pledged to donate up to $10,000 to the cause of science education, through Donorschoose.org, but only if enough of you, dear readers go to Big Think: Think Science Now and vote for your favorite video.
If you're not familiar with Pfizer, they're a pretty well-known drug company. You probably read about one of their products every time you delete messages from your e-mail in-box.
You don't even have to watch the videos, just vote.
I strongly recommend watching the videos, though. They are all profiles of scientists who work at Pfizer or other research organizations. It's…