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Essay heading: PFIZER ANALYSIS
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Business |
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| Date added: |
January 7, 1999 |
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5 / 1356 |
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0 times |
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This puts the company in a weak position as it struggles with drugs that are already facing competition from generic alternatives. The highly successful epilepsy drug Neurontin lost patent protection in 2004 and its sales fell by 80 percent in 2005, for example (Berenson, 2005).
The company's size, which is one of its strengths, is also one of its primary weaknesses... displayed 300 characters
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The company is so large that no one drug can lift it from its current sales doldrums. In addition, the company was once highly attractive to investors, but its recent stock price fell to 1997 lows. This may put pressure on the company to attempt acquisitions at a time when the company is ill-equipped to integrate a new company into its organization, and it is engaged in a cost-cutting program at a time when it may need to invest even more in research and development (McTigue Pierce, 2005)... displayed next 300 characters
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