This week's quarterly earnings reports from Wyeth and Pfizer will provide little stimulus for depressed pharmaceutical stocks, despite Wyeth's forecast-exceeding profits and Pfizer's announcement that it is to slash its cost base.
Pfizer employs around 2,200 people at nine operations in Dublin and Cork. One of the products that it produces in Ireland is Lipitor, the anti-cholesterol treatment which is the world's biggest-selling drug.
Wyeth employs around 3,000 people in Ireland, between Wyeth Nutritionals in Limerick,...
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