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Pfizer pushes scientists out of labs
Calcutta News.Net
Tuesday 13th January, 2009
Pharmaceutical firm, Pfizer Inc, has announced a lay-off of 800 scientists for this year.
The world's largest drug-maker has tightened it research and development area as it works toward a reduction of 5 to 8 percent in outgoings.
Pfizer, which is facing generic competition, has decided to take resources from some its poorer performing areas after unsuccessfully trying to develop better alternates to existing products.
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adam hartung
01-14-09, 12:08 AM |
Pfizer pushes scientists out of labs
Pfizer and the other drug behemoths must wake up that their approach to disease management is increasingly out of date. Now it is genetic drug programs and nano tech that are producing the greatest results. Their old approaches, based upon outdated Success Formulas relying on entry barriers created by old technology and government regulation are out of date. Investors had better be ready for a significant shift in value. Read more at http://www.thephoenixprinciple.com
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