WYETH TO PHASE OUT PRODUCTION AT ROUSES POINT, NY FACILITY

Wyeth today announced that it is phasing out manufacturing at its Rouses Point, N.Y. facility, resulting in the discontinuation of all operations at that location by late 2008. Wyeth will begin workforce reductions in 2006 that will extend over the next three years. The Company is exploring options for sale of the site and will work to identify potential buyers. This announcement is part of Wyeth's continuing assessment and realignment of its manufacturing network designed to create more efficient operating processes and full production capacity at its plants.

Finanzen.net (http://finanzen.net/news/news_detail.asp?NewsNr=341276)