Nothing. Well i guess sometimes i. Think. Thanks to you consider german culture looking at the stereotype the question if you think the future of the country im not. Needed to be fixed in this drama. Its all about. I might show joins me from the. Post. At phil. Some of the worlds best known drugs could soon be under a new roof well tell you why u. S. Pharma giant pfizer is spinning off its biggest brands. Also on the show like it or leave it europes Top Court Rules against that ubiquitous Facebook Like button. On external web pages. And europes single labor market has mostly been a boom for member countries with weak job markets but some citizens are still off the books would mean a romanian day laborer who moved to italy. This is your Business Report im Stephen Beers in berlin thanks for joining us. U. S. Drug giant pfizer is spinning off its older branded medications into a merger with generic drug maker milan and pfizer would have a majority stake in the new business which would bot
Including advil and cholesterol pill limits or all of which have lost patent protection making them less profitable the spin off would allow pfizer to focus on newer patent protected medications which are more profitable and it comes as u. S. Drug Companies Face intense political pressure to lower their prices. Democratic president ial hopeful Bernie Sanders is campaigning against high drug prices in the u. S. On a pharisee in canada hes joined by diabetes patients who cross the border with them to buy insulin one vial costs 340 dollars in the u. S. In canada its just 30. Many americans are faced with skyrocketing pharmaceutical prices out of congressional oversight hearing in washington patients spoke of the impact the prices are having on their lives. What are we willing to pay to save a life and well thats easy when its your childs ability to live to breathe when its your wifes diabetes when its your own cancer the answer is anything but thats the wrong question the question we shou
Advil lip a tour of i grow some of the worlds best known drugs could soon be under a new roof well tell you why u. S. Pharma giant pfizer is spinning off its biggest brands. Also on the show like it or leave it europes Top Court Rules against that ubiquitous Facebook Like button on external web pages. And europe single labor market has mostly been a boom for member countries with weak job markets but some you citizens are still off the books the romanian day laborer who moved to italy. This is your Business Report im Stephen Beers in berlin thanks for joining us us drug giant pfizer is spinning off its older branded medications into a merger with generic drug maker milan pfizer would have a Majority Stake in the new business which would both sales of 20000000000. 00 annually and own the rights to some of the most familiar brands of the pharmacy
including advil and cholesterol pill if its worth all of which have lost Patent Protection making them less profitable the spin off would allow
attracted. by his or it s by. shares were down more than 75 percent from their 2015 before deal peroration was announced. we saw briefly there was such a price pressure on us pharmaceutical companies right now and that includes milan which is been criticized as well what does this merger do for the. i actually stephen mylan has been dubbed one of the most controversial publicly traded a health care company by some analysts. most significant in specialty. was because of concern even among legislators here in the u.s. before generic competition and speaking of generics consolidation among drug buying groups has led to falling prices for manufacturers such as milan that s why they called penny has been trying to develop more complex and copies of biotech drugs