1.27.2009

Lots of money but none for you, Bunky


In a disclosure nearly drowned out by news of its $68 billion acquisition of Wyeth, Pfizer Inc. said it agreed to pay $2.3 billion to settle a federal investigation into its alleged off-label marketing of the now-withdrawn painkiller Bextra.

[From Pfizer Sets $2.3 Billion Settlement - WSJ.com]

  



Pfizer, one of the giants of a health-care sector that had until recently seemed immune from the downturn, said it would cut 8,000 [jobs].

[From Layoffs Cut Deeper Into Economy - washingtonpost.com]

(Emphasis mine)



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