Pfizer acquires King

October 13, 2010

PFIZER Pharmaceuticals has struck a deal with King Pharmaceuticals to acquire the latter for US$3.6 billion. The move represents a 40% per share premium on King’s closing share price at the start of the week. According to Pfizer the deal is set to shore up its earnings in the wake of Lipitor, the world’s best selling cholesterol treatment, losing its patent in late 2011. King Pharmaceuticals has a drug portfolio incl. Altace, Skelaxin, Levoxyl, Embeda, Acurox and Remoxy

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Pharmacy Daily | Pfizer acquires King

Pfizer acquires King

Other recent headlines

PD breaking news – Pharmacists to administer NIP vaccinations in aged care

PD breaking news – Top Western Australian talent honoured

Legal action for Montu

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES