Sunday, April 17, 2005

Pfizer, Wyeth, Lilly Holders to Vote on Canadian Drug Imports

Pfizer Inc., Wyeth and Eli Lilly & Co. shareholders are being asked by pension funds to take sides in the growing debate over importing cheaper drugs from Canada.

Retirement programs in New York, Ohio, Minnesota and Vermont urged in a shareholder resolution that the Lilly board reverse a company policy of limiting Canadian shipments to the U.S. At the annual meeting April 18, holders also will vote on a request for information on the policy's financial and legal implications. Wyeth and Pfizer face similar initiatives. ...more

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