Biotech Values

[jbog]

Bio Pharm and Dew,

What would you guys think a company like pfizer would end up doing with its research group. Here's a company that's spending 15% of sales ($7.5b / $45.0b) so if its sales drop by $15b that means a $2.5b hit to research. That's a big number to a group thats having trouble producing products right now.

Would this start pfizer down a slipperly slope?