What's Happening at Pfizer Right Now?

I'm hearing reports that Pfizer (PFE) is telling employees in various therapeutic areas right now that there will be deep cuts coming, and that more details will be coming out in about two weeks (individual-level layoff notices, etc.). I gather that obesity research is being hit hard, and some others as well - but any details from people in a position to know would be appreciated.

This is a heck of a time to be laid off, that's for sure. Here's hoping that things aren't as bad as I'm hearing...

Comments

[samadams:]

insightful post

2008 Sep 26 11:41 AM

[fghsh:]

straight from the biotech rumor mill!!!!!!!!

2008 Sep 26 12:48 PM

[clanger:]

PFE is making their move in to biotech. Subject area is DNA directed RNA in partnership with Benitec and other complimentary companies.

Layoffs are just the entree.

It won't stop there.

Time to buy big on Benitec and Tekmira.

2008 Sep 26 06:13 PM

[clanger:]

The funny thing is that your colleague Mr. Huckman was told of this months earlier by myself and has chosen not to investigate or report what PFE's strategy is with regards to personalized medicine. Instead he chose to concentrate on the negatives and well known, well analyzed obvious facts.

It is noteworthy that Roche is now in talks with Rosetta Genomics (ROSG) after having already struck a deal with Alnylam.

Makes PFE look like a sloth.

2008 Sep 26 06:54 PM

[clanger:]

www.globes.co.il/serve...

Roche mulls Rosetta bid
The pharma giant may invest in or acquire the microRNA diagnostics developer.
Gali Weinreb 24 Sep 08 12:12
Roche Holding AG (SWX: RO), which is already is involved in an expensive takeover bid for Genentech Inc. (NYSE: DNA), has also begun deliberating a combination with Israeli microRNA-based diagnostics and therapeutics developer Rosetta Genomics Ltd. (Nasdaq:ROSG). Sources inform ''Globes'' that Roche representatives visited Rosetta's offices and negotiations for a possible investment or takeover are underway. Talks are in the early stage.
Rosetta declined to comment on the report.

2008 Sep 26 06:59 PM

[Urbane Gori...:]

Thanks.. I keep looking at PFE, as **everyone** says to buy it... But just haven't seen any chart action.. Now I think I know why..

jegan ;-)

2008 Sep 27 01:11 PM

[rennert:]

yes

2008 Sep 29 04:10 PM

[rennert:]

yes

2008 Sep 29 04:11 PM