The Traderszone Network

Published in TZ Latest News 5 February, 2015 by The TZ Newswire Staff

Pfizer to buy Hospira for $15 billion to bolster hospital products

Pfizer is known for prescription medicines like impotence treatment Viagra and Lyrica for nerve pain, but many of its biggest brands, including cholesterol treatment Lipitor and painkiller Celebrex, have lost patent protection and are facing cheaper generics. Hospira makes generic versions of injectable drugs that are widely used in hospitals, through vials, syringes and bags, as well as pumps used to deliver them and other fluids.