Pharmaceutical Executive
When Pfizer gets in on a good thing, it isn't content to share. Two years ago the company initiated a semi-hostile takeover of Warner-Lambert to acquire full marketing rights to the hot-selling cholesterol treatment, Lipitor.
When Pfizer gets in on a good thing, it isn't content to share. Two years ago the company initiated a semi-hostile takeover of Warner-Lambert to acquire full marketing rights to the hot-selling cholesterol treatment, Lipitor. Now Pfizer is buying Pharmacia-a straight stock deal valued at $55–$60 billion that will give the industry leader full control of, and revenue from, Celebrex, the blockbuster arthritis therapy. The merger is still subject to approval by the Federal Trade Commission, but because the companies have few overlapping products, industry analysts foresee few problems.
The new giant will generate $48 billion in annual revenue, much of it coming from Pfizer blockbusters such as Lipitor, Norvasc, Zoloft, and Viagra and Pharmacia's Celebrex, Xalatan, Detrol, and Camptosar. (See "All-Star Lineup.") The next largest company, GlaxoSmithKline, had 2001 sales of $24 billion-half of the new Pfizer's revenue potential. According to reports in the Wall Street Journal, first-ranked Pfizer CEO Henry McKinnell approached ninth-ranked Pharmacia CEO Fred Hassan soon after the ink was dry on the Warner-Lambert deal. The negotiations took a year and a half and netted Hassan the role of vice-chairman and board member of the world's biggest pharma company. Most likely to be known simply as Pfizer, the new company contains the ghosts of not only Warner-Lambert and Pharmacia, but also Pharmacia's past: Upjohn, Monsanto, and JD Searle.
For the industry, it means marketing partnerships may have to be renegotiated and possibly dissolved because of antitrust issues. It may also spur another round of Big Pharma mergers in an effort to compete with a company that will spend $7 billion in R&D this year and send more than 13,000 sales reps into the field.
Beyond the Prescription: Pharma's Role in Digital Health Conversations
April 1st 2025Join us for an insightful conversation with Jennifer Harakal, Head of Regulatory Affairs at Canopy Life Sciences, as we unpack the evolving intersection of social media and healthcare decisions. Discover how pharmaceutical companies can navigate regulatory challenges while meaningfully engaging with consumers in digital spaces. Jennifer shares expert strategies for responsible marketing, working with influencers, and creating educational content that bridges the gap between patients and healthcare providers. A must-listen for pharma marketers looking to build trust and compliance in today's social media landscape.
Beyond the Prescription: The Role Pharma Plays in Digital Health Conversations
April 1st 2025As social media continues to influence healthcare communication, it presents both challenges and opportunities for the pharmaceutical industry. In this interview, Jennifer Harakal of Canopy Life Sciences discusses balancing compliance with effective digital engagement to build trust and facilitate meaningful healthcare conversations.