Rumor: Pfizer offered to buy AstraZeneca

Share this article:

Pfizer may have been looking to buy AstraZeneca. Bloomberg reports that the two drugmakers held informal talks a few months ago, according to a report they sourced to London's Sunday Times. The upshot of the rumors: Pfizer kicked around the number $101 billion.

Both companies have been in a flux of sorts: Pfizer has started readying its financials for a 2017 assessment that would help determine if it will divide into three businesses, while AstraZeneca has been undergoing years of back-to-back churn which have included acquisitions, several rounds of job cuts and naming a CEO.

Jefferies analyst Jeffrey Holford wrote in a Monday analysis that the combination doesn't seem to make sense for Pfizer  because it would mean riding out a string of patent losses through 2017, exacerbating Pfizer's “already large patent exposure.” Holford also discounts how helpful AZN's immuno-oncology portfolio could be for Pfizer, calling AstraZeneca's category pipeline not ‘well validated enough to justify such a large complex transaction.”

ISI's Marc Schoenebaum's Monday research note anticipates that Pfizer shareholders may not like an AstraZeneca scoop, but says such a move would give Pfizer an immuno-oncology foothold. Schoenebaum says Pfizer could not “realistically buy MRK or Roche,” to get into the IO field, which “leaves only AZN if PFE wants a seat at the leader's table.” Schoenebaum also notes that bringing AZN in-house could give Pfizer another shot at Alzheimer's, since it would acquire AstraZeneca's BACE inhibitor, in addition to giving Pfizer access to two other new categories: diabetes and respiratory.

Share this article:
You must be a registered member of MMM to post a comment.

Next Article in Business Briefs

Email Newsletters


Patient access to pharmaceuticals is a tale of two worlds—affordability has improved for the majority, while the minority is hampered by cost, distribution and red tape. To provide marketers with a well-rounded perspective, MM&M presents this e-book chock full of key insights. Click here to access it.

More in Business Briefs

Novartis said to be stepping out of HCV

Novartis is said to have relinquished rights to an investigational hep. C treatment, signaling its exit from the therapeutic space, according to a former partner's announcement.

Monday Moves: September 15

Hires and promotions for manufacturers, regulatory and agencies

Kantar acquires Evidências, expands Brazilian presence

The company's acquisition signals the growing importance of understanding the Brazilian healthcare market and evidence-based healthcare management services.