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...Pfizer has led the consolidation, having become the world’s biggest drug company by swallowing up Warner Lambert, Pharmacia, Wyeth and others....
...Pfizer learned its lesson after its two other deals this decade, Warner-Lambert in 2000 and Pharmacia in 2003, gave it access to blockbusters but destroyed shareholder value (particularly the latter, which...
...In July, Pfizer kicked off the action with a $61bn acquisition of Pharmacia, followed a few months later by Cadbury Schweppes (which snapped up Pfizer’s Adams candy unit for $4.2bn in cash) and Wrigley,...
...AstraZeneca was created in a £52bn ($102bn) deal in 1999; GlaxoSmithKline from a £120bn deal in 2001 while Pfizer launched a $53bn takeover of Pharmacia in 2003....
...Acquired when Pfizer bought Pharmacia in a takeover completed in 2000, Bextra, a painkiller in the same Cox-2 class as Merck’s Vioxx, was one of two drugs drawn to the attention of regulators and lawyers...
...As a long-time company executive who experienced the absorption of Warner Lambert and Pharmacia, he has taken a pivotal role in the latest acquisition, unveiling in April a new structure that includes several...
...for important mandates at a time when deal flow has been drying up, predict a return to large industry deals, such as the mega-mergers that created GlaxoSmithKline in 2001 and Pfizer’s $53bn takeover of Pharmacia...
...But what really has made them different over the past decade is that Pfizer has led the drumbeat of consolidation in Big Pharma with its acquisition of Warner-Lambert and then Pharmacia for $60bn in 2003...
...Two of its biggest drugs Lipitor, for cholesterol, and Celebrex, a cox-2 inhibitor class painkiller, came with its blockbuster acquisitions of Warner-Lambert and Pharmacia....
...He says he saw it coming and moved Pharmacia’s headquarters from London to New Jersey in 1997. “I think in hindsight that move saved Pharmacia and Upjohn.”...
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