Pfizer buys Pharmacia.

Pfizer, the multinational pharmaceuticals company, announced that it is buying Pharmacia Corp. for € 60.000 million in an all-stock deal that will give the world's biggest drug company a medicine chest full of treatments for baby-boomer ills like baldness, arthritis, impotence and high cholesterol. Pfizer has a line-up that includes Lipitor (high cholesterol), Viagra (impotence) and Zoloft (depression), while Pharmacia's major drug is the arthritis medication Celebrex. It also makes Rogaine for hair loss, Nicorette stop-smoking products and the bladder-control drug Detrol. The companies said the merger should save € 2.500 million by 2005. The new combine will employ 150.000 staff, 3100 of which in Belgium, with activities in Brussels, Puurs (Capsugel), Nossegem, Etterbeek, Jette and Louvain-la-Neuve.
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BENOEMINGEN
Christiaan Lebbink Christiaan Lebbink
Associate Director VANDYCKE & PARTNERS
Hilde Windels
DEVGEN
STIJGERS & DALERS BEL20