Pharma Group Tries To Halt Pfizer-Wyeth Deal

Law360, New York (October 13, 2009, 4:31 PM EDT) -- A group of California pharmacies and pharmacists is seeking to block Pfizer Inc.’s proposed $68 billion buyout of rival Wyeth Inc., arguing that the merger will eliminate competition in the prescription drug market in the U.S. and stifle innovation for new drugs.

The retail pharmacies and pharmacists filed a motion Monday urging the U.S. District Court for the Northern District of California to issue a temporary restraining order to prevent Pfizer, the world’s largest drug manufacturer, from taking over Wyeth, the fourth-biggest drug company in the...
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