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Pfizer to Can 800 Researchers

Company must cut R&D spending ahead of Lipitor patent expiration

By Nick McMaster,  Newser Staff

Posted Jan 13, 2009 12:19 PM CST

(Newser) – Pfizer will eliminate the jobs of up to 800 researchers in 2009, starting today, the Wall Street Journal reports. The pharmaceutical giant is attempting to cut costs ahead of a $30 billion reduction in revenue expected in 2011 when its patent on the popular cholesterol...   Read full story »

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