Pfizer to Acquire Anacor

Published on: 

Pfizer will acquire Anacor for $5.2 billion and expects the transaction to complete in the third-quarter of 2016.

On May 16, 2016 Pfizer announced its plans to acquire Anacor Pharmaceuticals, a biopharmaceutical company developing small-molecule therapeutics. Under the terms of the agreement, Pfizer will acquire Anacor for $99.25 per Anacor share, for a total transaction value of approximately $5.2 billion, Pfizer said in a press announcement.

Pfizer expects to complete the acquisition in the third-quarter of 2016. The transaction will include Anacor’s flagship asset crisaborole, a differentiated non-steroidal topical PDE4 inhibitor with anti-inflammatory properties. Crisaborole is currently under review by FDA for the treatment of mild-to-moderate eczema (atopic dermatitis). In a press announcement Pfizer said that if approved, it believes peak year sales for crisborole have the potential to reach or exceed $2 billion.

Albert Bourla, group president of Pfizer’s Global Innovative Pharma and Global Vaccines, Oncology, and Consumer Healthcare Businesses, said in a press announcement that Anacor represents “an attractive opportunity” for the company. “Aancor will be a strong fit with Pfizer’s innovative business, further supporting our strategic focus on inflammation and immunology,” said Bourla.

Advertisement

Pfizer also made headlines in late April 2016 when it launched Pfizer CentreOne, a global CMO, formed through the combination of Pfizer CentreSource and Hospira One 2 One. Pfizer acquired Hospira One 2 One in February 2015 for nearly $17 billion after the assumption of debt.

Source: Pfizer