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Pfizer Buying Lake Forest-Based Hospira For $15 Billion

Pfizer is buying Hospira for approximately $15.23 billion, saying it is a good fit with its global established pharmaceutical business. Hospira Inc., based in Lake Forest, Illinois, is a provider of injectable drugs and infusion technologies.


Lipitor (atorvastain calcium) tablets made by Pfizer and distributed by Parke-Davis are seen November 30, 2011 in Washington, DC. Pfizer's patent on the best-selling drug of all-time, the cholesterol-lowering medication Lipitor, expired on November 30, 2011, opening the path to generic competitors for America's most popular medication. Lipitor came on the market in 1997, and has raked in some $100 billion for Pfizer even in a crowded market that includes various other cholesterol-lowering statins, many of which have already gone generic. In the United States, anti-cholesterol drugs account for 255 million prescriptions a year, and about nine million people are taking Lipitor. (Photo credit: PAUL J. RICHARDS/AFP/Getty Images)

Lipitor Loses Patent, Generic Options To Arrive Soon

The best selling drug of all time is going generic. Lipitor lost its patent protection on Wednesday. CBS 2’s Vince Gerasole reports on the effect newer and cheaper generic versions of the medication could have on your wallet.

CBS Chicago–11/30/2011

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Study: Pfizer Drug Lowers Risk Of Breast Cancer

Millions of women at high risk of breast cancer because of genes, family history or other reasons have a new option for preventing the disease.


Stethoscope (Photo Illustration by Andreas Rentz/Getty Images)

Study: Drug, Device Help Treat Heart Failure

There’s good news for millions of people with mild or moderate heart failure.