Saturday September 19, 2020

Pfizer to buy eczema drugmaker Anacor for $5.2 billion

Pharmaceutical giant makes move in wake of failed Allergan bid

16th May, 2016

Pfizer has agreed to buy Anacor Pharmaceuticals for $5.2 billion – gaining control of an experimental treatment for eczema in its first deal since walking away from a $160 billion takeover of Allergan.

Pfizer will pay $99.25 in cash for each Anacor share, the companies said in a statement today. The transaction, which represents about a 55 per cent premium to Friday’s closing price, is scheduled to be completed in the third quarter and may start adding...

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