Pfizer to buy Medication for 14 billion in cash deal
Pfizer will pay about 14 billion dollars to acquire cancer drug developer Medication in a cash deal aimed at strengthening its oncology portfolio. The purchase includes Xtandi tied revenue and potential future treatments like talazoparib and a lymphoma drug as part of Medication's pipeline.
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Pfizer
New York
Ian Read
Sanofi
Xtandi
Astellas Pharma
Knowledge Economy International
U.S
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Pfizer Inc
Medi
Cation
San Francisco Biotech
Ireland
Allergan
Treasury Department
Volkswagen production suspension hits 28 thousand workers
A dispute between Volkswagen and ES Automobilguss and Car Trim forced the halt of Golf and Passat output at Wolfsburg and Emden for about a week. About 27,700 workers at six plants in Germany are affected as talks continue. Officials urge a quick resolution and flexible measures.
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Berlin
Volkswagen
Wolfsburg
Emden
Germany
Ger
Economy Ministry
Andreas Andretsch
Office Depot CEO Roland Smith to Step Down as Merger Fails
Office Depot announces CEO Roland Smith will retire as top executive but stay as chairman after a planned Staples merger collapsed. A new chief is expected by early 2017. Smith cites Mount Everest ambition and says right strategy and people are in place to bring in a successor.
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Fla
Staples
Office Depot
Roland Smith
Smith
Ron Sargent
Boca Raton
David Marcotte
Kantar Retail
Federal Trade Commission
U.S
Joel Auerbach
Nova Southeastern University
Davie
Pfizer to Buy Medivation Shifts Biotech Stocks Higher
Stocks drifted in quiet trading as Pfizer announced a $14 billion purchase of Medivation sending its shares up 20 percent to 80.42. The move lifted biotechnology peers Regeneron Vertex and Alexion, with the Nasdaq edging ahead while the Dow and S P 500 hovered lower to near flat.
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