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Sunday, December 03, 2006

Pfizer under pressure after halting drug (AP)

The world headquarters of Pfizer Inc. is seen in New York in this April 12 2005 file photo.  Pfizer has cut off all clinical trials and development for a cholesterol drug that was supposed to be the star of its pipeline because of an unexpected number of deaths and cardiovascular problems in patients who used it the company said Saturday Dec. 2 2006. (AP Photo/Mark Lennihan)AP - Pfizer Inc. will likely slash staff and accelerate merger and licensing deals as the pressure on it to improve its financial performance intensified after the weekend's announcement that the company ended development of a key drug analysts said.


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