August 19, 2011

ASBESTOS UPDATE: Pfizer to Lend Quigley Subsidiary Up to $65MM

COMPANIES: Pfizer Inc
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Pfizer Inc. has agreed to lend its Quigley unit as much as US$65 million in cash to extend Quigley’s bankruptcy, potentially giving Pfizer more protection against claims for asbestos-related health issues, Bloomberg reports.

Quigley asked U.S. Bankruptcy Judge Stuart Bernstein for…

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TOPICS: Asbestos | Biotechnology | Drugs/Pharmaceuticals | General News | Legal Issues, Litigation | Medical Supplies
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