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Pfizer nearing 100% Seagen purchase | The Manila Times

NEW YORK CITY: Pfizer announced on Tuesday that it expects to complete this week its $43-billion acquisition of cancer-focused biotech company Seagen after clearing key regulatory hurdles. ....

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Pfizer gets OK for $43-billion Seagen deal after donating cancer drug rights

Pfizer said it had now received all regulatory approvals to close the deal on Thursday. The drugmaker in March agreed to buy Seagen and its targeted cancer therapies as it braces for a steep fall in COVID-related sales and generic competition for some top-selling drugs. Washington-based Seagen is a pioneer of antibody-drug conjugates, which work like "guided missiles" designed to destroy cancer while sparing healthy cells. ....

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Pfizer donates rights to cancer drug after monopoly criticism

Pfizer will donate the royalty rights from sales of cancer drug Bavencio to the American Association for Cancer Research starting in January. ....

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Pfizer gets all regulatory approvals to close $43bn Seagen deal

Pfizer said on Tuesday that it has now received all regulatory approvals needed to close its $43bn acquisition of Seagen after agreeing to donate the rights of royalties from sales of its Bavencio cancer drug. ....

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Pfizer to close Seagen deal this week, creates new cancer division

(Reuters) -Pfizer said on Tuesday it expects to close its $43 billion deal to buy cancer drugmaker Seagen later this week and plans to create a new oncology division that includes the acquisition early next year. Pfizer also said Chief Commercial Officer Angela Hwang would step down, and that it will split the its commercial business, not including oncology, into two divisions, one focused on the United States and the other on the rest of the world. In October, Pfizer slashed its full-year revenue forecast by 13% and said it will cut $3.5 billion worth of jobs and expenses due to lower-than-expected sales of its COVID-19 vaccine and treatment. ....

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