Monday, October 22, 2012

Pfizer will buy NextWave Pharma for up to $700M

NEW YORK (AP) ? Pfizer said Monday it will buy NextWave Pharmaceuticals Inc., a company that makes a liquid attention deficit hyperactivity disorder drug, in a deal worth as much as $700 million. Pfizer made a $20 million option payment to Cupertino, Calif.-based NextWave in the second quarter to establish a merger agreement.

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