US Pharma Giant Pfizer Takes Over (Dollar) 17 Billion Hospira

US pharmaceutical giant Pfizer will expand its line of drugs and therapies with the takeover of (Dollar) 17 billion Hospira. The deal has been approved by the boards of both companies, and will importantly add Hospira's portfolio of sterile injectable treatments and biosimilar drugs to Pfizer's broad pharmaceutical offerings. Pfizer will pay (Dollar) 90 a share in cash for Hospira, which is nearly 40 percent premium. The companies said, "The market for sterile injectables, ...

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Written by: editor - Thursday, February 5, 2015

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