FTC OKs Pfizer-Wyeth merger
This article was originally published in The Tan Sheet
Executive Summary
The Federal Trade Commission clears Pfizer's $68 billion acquisition of Wyeth on the condition Pfizer sell half of Wyeth's animal health business to Boehringer Ingelheim Vetmedica. Pfizer announced in September that it would relinquish those assets. FTC noted while the companies' human drug portfolios are highly complementary, they do not raise anticompetitive concerns and consumers will not suffer because of the overlap. The firms also recently passed multiple other merger milestones, including obtaining approvals from the European Commission and stockholders (1"The Tan Sheet" July 27, 2009)
You may also be interested in...
Sales & Earnings In Brief
Schering-Plough consumer sales cool: Schering-Plough's consumer health sales fell 5 percent to $381 million in the firm's fiscal 2009 second quarter "primarily due to lower sales of sun care products due to the unseasonable weather," according to Chief Financial Officer Bob Bertollini. Sun care sales fell 17 percent to $96 million compared to $115 million during the year-ago quarter. Sales of laxative MiraLAX reached $36 million, a 30 percent increase, according to a July 21 earnings statement. The MiraLAX growth helped offset a 10 percent drop of OTCClaritin sales to $108 million in the April-June period, Bertollini said during a same-day earnings call. Schering expects its merger with Merck to close in the fourth quarter (1"The Tan Sheet" March 16, 2009)
Cosmetic And Personal Care Trademark Review: 9 April
Personal care and cosmetic product trademark filings compiled from the Official Gazette of the US Patent and Trademark Office, Class 3.
Health And Wellness Weekly Trademarks Review: 16 April
Trademarks are registered and published for opposition with the US Patent and Trademark Office and are published weekly in the agency's Official Gazette.