Law Practice
Aug. 25, 2009
Pharmacies Sue, Saying Merger of Pfizer, Wyeth Will Raise Costs
The planned merger of pharmaceutical giants Pfizer Inc. and Wyeth will eliminate competition and cause drug prices to spike, according to an antitrust lawsuit filed Friday against the companies by a group of pharmacies.
Daily Journal Staff Writer The planned merger of pharmaceutical giants Pfizer Inc. and Wyeth will eliminate competition in the market and cause drug prices to spike at a time when health care costs are already skyrocketing, according to an antitrust lawsuit filed Friday against the companies by a group of pharmacies. The suit, filed in San Francisco federal court, seeks to prevent the merger, which was announced in January. In the...
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