Mumbai, December 2014 –
Drugmaker Pfizer Ltd has completed its merger with Wyeth Limited, a little over a year after the boards of both companies okayed the merger.
The company has received approvals from the Bombay High Court and has filed with the Registrar of Companies to conclude the merger process, Pfizer said. The merger places Pfizer among the top 10 pharmaceutical companies in India by market share, it added. With the conclusion of the process, all employees of Wyeth are also now a part of Pfizer Limited.
The company has already completed the necessary steps to ensure a seamless transition and integration of the workforce into Pfizer, it added. Last year, announcing that the merger process had entered its last mile, Pfizer and Wyeth’s India-head, Aijaz Tobaccowalla had said, there was a benefit in running a single company and having a single brand in terms of focus and attracting talent. Business Line
