Pharmacies Attack $68B Pfizer-Wyeth Deal In 9th Circ.

Law360, San Francisco (May 10, 2011, 7:07 PM EDT) -- A group of pharmacies urged the Ninth Circuit on Tuesday to reinstate its challenge to Pfizer Inc.’s $68 billion merger with Wyeth, arguing the deal has resulted in higher prices and the loss of innovation.

The pharmacies in the long-running case claim the deal — which was completed in 2009 — ran afoul of Section 7 of the Clayton Act and Section 1 of the Sherman Act because Pfizer and Wyeth directly competed with each other in various submarkets of the overall pharmaceutical market.

Joseph Alioto...
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