Calif. Pharmacies Sue Pfizer Over Wyeth Merger

Law360, New York (August 25, 2009, 5:33 PM EDT) -- A group of California pharmacies has lobbed an antitrust lawsuit at Pfizer Inc. over the pharmaceutical giant’s proposed $68 billion buyout of rival Wyeth Inc., alleging that Pfizer is partly financing the deal through U.S. government bailout money and that the deal will harm consumers.

The suit, filed Friday in the U.S. District Court for the Northern District of California by seven retail pharmacies that buy drugs from Pfizer and Wyeth, claims that a portion of the $68 billion will be provided by banks that have...
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