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Business

Pfizer will acquire AstraZeneca business

by Michael McCoy
August 29, 2016 | APPEARED IN VOLUME 94, ISSUE 34

Pfizer has agreed to acquire AstraZeneca’s late-stage small-molecule antibiotics business, primarily outside the U.S., for $725 million and up to $850 million in future payments. The business includes Zavicefta, recently approved in the European Union; the marketed products Merrem and Zinforo; and two products in clinical development. AstraZeneca spun off its antibiotics R&D efforts as Entasis Therapeutics last year.

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