Many think Pharmacia saw its valuation suffer as a result of its continuing ownership of Monsanto.
Pharmacia is suddenly looking at a fat wad of cash--but what can it do with it?
Pfizer already lowered guidance for 2003 because of inventory writedowns tied to its merger with Pharmacia.
Banc of America Securities' Yaffe recently downgraded Pharmacia two steps, from strong buy to market performer.
And Pharmacia's new injectable COX-2 inhibitor, called Dynastat, could supplement or even supersede morphine.
The Pharmacia merger will allow Pfizer to maneuver around a lot of these potholes anyway.
In 2003 after Pfizer acquired Pharmacia, it shut down a large lab in Kalamazoo, Michigan.
"You will see that the entire senior management of Pharmacia is leaving Pfizer, " Ando says.
Bertolini, the new CFO, worked with Pharmacia and other firms while he was at PricewaterhouseCoopers.
The table below includes eight executives and one director who followed Hassan from Pharmacia to Schering.
That could give Pharmacia reason to celebrate, as many Vioxx users would probably switch to Celebrex.
Pharmacia also still thinks VEGF makes a promising target, the company said in a press release.
The deal only went through after Pfizer offered a 50% premium for Pharmacia shares.
Dr. Hirth had owned about 1% of the outfit and received Pharmacia stock in the deal.
Fresh from a five-year run at Pharmacia, Fred Hassan plans to helm another turnaround.
Pharmacia, in turn, licensed the drug to Esperion, where Newton already had experience in cardiovascular disease.
Two researchers, Cesare Sirtori and Guido Franceschini, found the protein and licensed it to Pharmacia .
Now it is a race to the finish, with Genentech and Pharmacia ahead for the time being.
Breaking this depressing trend is Zyvox, an antibiotic made by Pharmacia , which will soon by acquired by Pfizer .
He saw the deal as a golden opportunity to snag Celebrex, the U.S. blockbuster drug Pharmacia desperately needed.
Hassan, 57, left Pharmacia after Pfizer (nyse: PFE - news - people ) acquired it.
Monsanto merged with Pharmacia in 2000, and the new guard emphasized computerized gene-hunting, robotic chemistry and other gizmos.
Typical of Hassan's style is what he did with Pharmacia's new headquarters, a college-style campus in Peapack, N.
That leaves just two or three slots for ten second-stringers, including Novartis, Bristol-Myers, AmericanHome Products (ahp), AstraZeneca and Pharmacia.
Typical of Hassan's style is what he did with Pharmacia's new headquarters, a college-style campus in Peapack, New Jersey.
The antibiotic Zyvox and the urinary-incontinence drug Detrol, both almost mothballed before he took over Pharmacia, are now bestsellers.
Evans also says Pharmacia (nyse: PHA - news - people ) might be in the running.
Pharmacia now has a green light from the U.S. Food and Drug Administration to market a new hypertension drug.
Pharmacia's best option would be to spend that money buying a new drug.
Ando may be the first executive out the door at Pharmacia, but he is unlikely to be the last.
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