Wyeth India to merge with Pfizer's local unit

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File photo: Jeffrey Kindler (L), Chairman and CEO of Pfizer, and Bernard Poussot, Chairman and CEO of Wyeth, shake hands after announcing merger of the two companies in New York, January 26, 2009. Reuters File photo: Jeffrey Kindler (L), Chairman and CEO of Pfizer, and Bernard Poussot, Chairman and CEO of Wyeth, shake hands after announcing merger of the two companies in New York, January 26, 2009. Reuters
SummaryDrug majors Pfizer and Wyeth said they will operate under a single brand in India.

profile with improved market share.

Pfizer India is not a big player enjoying only 1.9 per cent market share. Its market value stands at Rs 1,281 crore while Wyeth Ltd is valued at Rs 832 crore as per Friday's closing price.

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