Pfizer to cut sales force by 20 percent
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Pfizer Inc.  said on Tuesday it would cut its U.S. sales force by about 20 percent, or some 2,200 jobs as part of a comprehensive cost-cutting program.
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Pfizer Inc., the world&#39;s biggest drugmaker, said it will stop advertising its Celebrex painkiller to consumers after a study showed the drug more than doubled the risk of heart attacks when given in high doses.
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Shares in Pfizer Inc  fell around 14 percent in European and pre-opening U.S. trade on Monday after the world's biggest drugmaker scrapped development of its most important experimental medicine.
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The move may mark the beginning of a bigger retrenchment by Pfizer and the rest of the drug industry.
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Cardinal Health Inc., the second- biggest US drug distributor, reduced its fiscal 2005 forecast and said it will cut 4,200 jobs as opportunities for profiting from drug-price increases decline.
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Bristol-Myers Squibb Co. BMY.N on  Wednesday said it plans to divest its struggling U.S. and  Canadian consumer medicines, including its Excedrin painkiller,  in a move that would tighten its U.S. focus on sales of  more-profitable prescription drugs.
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Drug maker Pfizer Inc. said Tuesday it won regulatory clearance to sell its anti-fungus medicine Vfend to treat serious hospital-acquired bloodstream infections.
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Pfizer Inc.  said on Tuesday it  would cut its U.S. sales force by about 20 percent, or some  2,200 jobs as part of a comprehensive cost-cutting program.
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Pfizer Inc , the world's largest drug maker, said on Friday it is in talks with investors about spinning off its Japanese research and development laboratory, albeit as a much smaller organization.
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NEW YORK - Pfizer Inc  said on Thursday third-quarter earnings fell sharply due to a $2.8 billion charge to end its involvement with the poorly selling inhaled insulin drug Exubera.
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Pfizer saw a 13 percent decline in sales of its best-selling cholesterol treatment, Lipitor, which contributed to lower-than-expected second quarter earnings.
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: Consumer goods maker Colgate-Palmolive Co said on Tuesday it would cut about 12 per cent of its 37,000-person work force and close one-third of its factories worldwide as part of a four-year restructuring.
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Switzerland's Novartis AG will slash 2.5 percent of its global workforce, aiming for annual savings of $1.6 billion in 2010, becoming the latest major drugmaker to undertake a deep restructuring.
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Telecommunications gear maker  Alcatel-Lucent  could cut more than 20 percent of its  world-wide staff, L'Expansion weekly said on Tuesday on its  Website, citing industry sources.
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PFIZER, the drugs group best known for producing Viagra, has suffered a collapse in US sales of its blockbuster Celebrex painkiller on the back of clinical trials showing a heightened risk of heart attacks.
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Global drugs giant Pfizer sees profits fall after a drop in worldwide sales of cholesterol drug Lipitor.
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Telecommunications equipment maker Alcatel-Lucent  could cut more than 20 percent of its world-wide staff, French weekly L'Expansion reported on Tuesday, citing industry sources.