Drug Manufacturer Pfizer Annnounces Sweeping Cost Cutting Measures
Monday January 22, 2007
Drug giant Pfizer, manufacturer of such drugs as Viagra and Lipitor as well as HIV drugs Delavirdine and Viracept announced today that it will be closing five facilities and laying off 10,000 workers in what company officials say is a move to position the company for future success. Colorful words that simply put means a loss of jobs for thousands of Pfizer employees. In addition to the drugs mentioned, Pfizer is the manufacturer of the newest HIV medication; the CCR5 Entry Inhibitor Maraviroc. Within the last few months, Pfizer had announced that it would be expanding access to the Phase III drug in an effort to provide people with resistant virus a new option for treatment. How and if the announced cutbacks will affect the planned expanded access has not be released but Pfizer did say the money they save will be reinvested in research and new products. Read more about the Pfizer cuts in this article from the Detroit Free PressLawsuit Adds to Pfizer Troubles
The AIDS Healthcare Foundation (AHF) has filed suit against Viagra manufacturer Pfizer for television ads they say promotes Viagra as a "party drug" which is leading to increases in at risk behavior, especially among gay men. AHF claims are not only irresponsible but are illegal as well. Read More About this Pending LawsuitRelated Items
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Interesting, but what is the real cost? Look at the cost of rapid HIV test and the issues related to HIV testing, the CDC is buying an oral fluid test that gives false-positives!