Buy custom Financial Analysis Of Merck And Pfizer
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| Topic: |
Business
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| Number of pages / Number of words: |
13 / 3577 |
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Pfizer suspended tests of a new drug for cholesterol treatment in the face of lost patent protection for Lipitor, which generates yearly revenues of about $12 million.
Turnaround Strategy: Lost patent protection and insufficient drugs in its pipeline makes successful controlling of costs an important component of Pfizer’s turnaround strategy...
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Talented employees who can help fill the pipeline are especially needed after patent protection is lost and competitors offering generic drugs can more easily enter the market. Pfizer is trying to use existing employees with similar skill sets needed for open research positions, which could reduce training and hiring costs...
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