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(Image from article: "Pfizer to buy King Pharma for $3.6 billion in cash")

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Pfizer to buy King Pharma for $3.6 billion in cash

Pfizer Inc, the world's biggest drugmaker, has agreed to buy King Pharmaceuticals Inc for $3.6 billion, expanding its presence in the market for pain drugs.

US and Canada regulators approve Pfizer-Wyeth deal (AP)

Pfizer Inc.'s $68 billion purchase of Wyeth will close Thursday after antitrust regulators in the U.S. and Canada cleared the deal, which will make Pfizer the world's largest drugmaker by revenue.

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Pfizer to buy Wyeth for $68B, cut 8000 jobs

Pfizer also said it would cut more than 8000 jobs to cut costs in anticipation of cholesterol drug Lipitor losing patent protection in 2011.

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