Daily Management Review

Over A ‘$1.5 Billion’ Deal Takes Place Between Pfizer & AstraZeneca


08/28/2016


Pfizer continues to expand its research field in cancer and antibiotics.



Over A ‘$1.5 Billion’ Deal Takes Place Between Pfizer & AstraZeneca
Pfizer Inc cracks a deal with AstraZeneca, a pharmaceutical company, on buying the latter’s “small molecule antibiotics business” which could cost over “$1.5 billion”.
 
Earlier, in the year of 2014, Pfizer attempted to take over AstraZeneca for “$120 billion”, while this time, informed AstraZeneca, through the said sale, Pfizer would be allowed to concentrate in researching in “new medicine” for cancer along with “respiratory and cardiovascular diseases”.
 
Following the “$14 billion”, purchase of Medivation, a “cancer drug firm, the U.S. pharmaticeutical stated that the “antibiotics would enhance its portfolio of more than 60 anti-infective and anti-fungal medicines”, while the list of medicine for the same purpose include “Merrem, Zinforo and Zavicefta, and ATM-AVI and CXL”, the latter being “clinical” developmental stage.
 
Moreover, AstraZeneca also added that Pfizer will give an amount of “$550 million” once the project is completed while there will another payment of “unconditional $175 million” which will take place in the month of January 2019.
 
Furthermore, Reuters adds:
“It will also pay up to $250 million in milestone fees, up to $600 million in sales-related payments and recurring, double-digit royalties on future sales of Zavicefta and ATM-AVI in certain markets”.
 
According to the information provided by the British company, its “financial guidance” for the year of 2016 remained unharmed by the any impact from the said agreement.
 
 
 
 
References:
http://www.reuters.com/







Science & Technology

Scientists Discover Largest Ever Under Water Volcanic Eruption Near New Zealand

Bitcoin craze increased load on the power grid to the maximum

PC And Server Performance Slows Down Due To Security Patches For Chip Flaws, Says Microsoft

Cybersecurity Firm Claims Cryptocurrency Monero Might Be Getting Funneled To North Korea University

The Way We Travel Will Be Changed by The Colorless, Odorless Gas - Hydrogen

EU's Big Change In Data Protection Rules Makes Businesses To Get Ready For It

Artificial Intelligence Helps NASA Find An 8th Planet In Orbit Of A Distant Star

Australian Research Success Could Mean Shatterproof Cell Phones Could Soon Be A Realityv

Top ten hi-tech events of the year

Tesla Considering Designing And Developing AI Chips On Its Own To Support Its Auto-Pilot Project

World Politics

World & Politics

Failure Of Last Ditch Effort To Secure Funding Results In A Partial Shutdown Of US Government

About 700,000 U.S. Twitter Users Reacted To Kremlin-Linked Trolls, Says Twitter, To Inform Users Directly

2017 Was Second Warmest Year Since Records Were Kept And It Had No El Nino Effect

France and Germany want to reform the eurozone

Take and go away: new approach to refugees in Europe

Both The Korean Countries Will Come Together In Olympic Talks

Parties of Germany agreed on the migrants problem

Munich Re: Natural disasters caused record damage in 2017