This could make you $100,000 or more over the next 12 months…

On July 27 at 7 p.m. ET, Eric Fry and Louis Navellier will reveal a new Supercycle that’s about to grip the markets and how you can leverage this event to potentially make $100,000 or more.

Tue, July 27 at 7:00PM ET
 
 
 
 

Pharmaceuticals M&A: Pfizer Inc. to Buy Anacor Pharmaceuticals Inc for $4.5 Billion

Pfizer Inc. (PFE) has announced plans to purchase Anacor Pharmaceuticals Inc (ANAC) for $4.5 billion.

Pfizer, PFE, Anacor, ANACPfizer will be paying $99.25 per share for Anacor. The deal will be funded with cash and has been approved by both companies’ Board of Directors. It will give PFE access to ANAC’s crisaborole.

Crisaborole is a non-steroidal topical PDE4 inhibitor with anti-inflammatory properties. It’s currently under review by the FDA. The drug achieved positive results for its primary and secondary endpoints in two Phase 3 studies.

Pfizer is still waiting for approval from regulators, but it expects the deal to acquire Anacor to be completed during the third quarter of 2016.

ANAC shares were up 54% as of Monday morning.

More From InvestorPlace:


Article printed from InvestorPlace Media, https://investorplace.com/2016/05/pfizer-anacor-pfe-anac/.

©2021 InvestorPlace Media, LLC