HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Pfizer to Buy Medivation ...

Mon Aug 22, 2016, 06:34 AM

 

Pfizer to Buy Medivation for $14 Billion

Pfizer Inc. said Monday it has agreed to buy biotech Medivation Inc. for $81.50 a share, valuing the total company at about $14 billion, in a move that adds one of the crown jewels of the multibillion-dollar market for cancer drugs to Pfizerís portfolio.

News of the impending deal was reported Sunday.

It ends months of bidding for San Franciscoís Medivation, one of the most desired independent biotechs because it sells a leading prostate-cancer drug.

The deal is a 21% premium to Medivationís closing share price Friday. Medivation shares traded up 20% to $80.59 as Pfizer shares fell 0.1% to $34.95 in premarket trading.

Medivationís drug, Xtandi, already generates about $2 billion in yearly sales and has potential to more than double, according to analysts.

<snip>
http://www.wsj.com/articles/pfizer-to-buy-medivation-for-14-billion-1471864168

3 replies, 844 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply Pfizer to Buy Medivation for $14 Billion (Original post)
cali Aug 2016 OP
Initech Aug 2016 #1
cali Aug 2016 #2
Calculating Aug 2016 #3

Response to cali (Original post)

Mon Aug 22, 2016, 08:34 AM

1. These mega mergers have got to stop.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Initech (Reply #1)

Mon Aug 22, 2016, 09:32 AM

2. Monopolies are disturbing.

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to cali (Original post)

Mon Aug 22, 2016, 11:01 AM

3. Get ready for the price increases

...

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread