Pfizer to buy Anacor Pharma in Rs 34,000 crore deal

Pfizer will pay $99.25 per share for Anacor.

Pfizer to buy Anacor Pharma in Rs 34,000 crore deal
Pfizer will pay $99.25 per share for Anacor. Photo: Reuters

Pfizer Inc will buy Anacor Pharmaceuticals Inc in a deal valued at $5.2 billion (Rs 34594.3 crore), net of cash, for access to Anacor`s non-steroidal topical gel to treat eczema.

Pfizer will pay $99.25 per share for Anacor, a 55% premium to the stock`s Friday close, the companies said on Monday.

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Updated: Mon, May 16, 2016
05:30 PM IST
New Delhi, Reuters

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