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Pfizer combined R&D drops with Acquizition

Take Pfizer, which over the last 14 years has acquired Warner-Lambert, Pharmacia and Wyeth. Before Pfizer took over Wyeth in 2009, according to John LaMattina, who writes about Big Pharma for Forbes.com, the two companies spent around $13 billion in combined research and development. Last year, Pfizer spent $6.55 billion. “Effectively, Pfizer eliminated 50 percent of what the individual organizations had spent five years earlier,”LaMattina wrote recently.