Biotech/Pharmaceuticals
The Pfizer buyout of Sanofi-Aventis' interests includes the worldwide rights to Exubera, along with insulin-production facilities in Germany that had been jointly owned by the companies. The deal must be approved by German antitrust regulators. Pfizer expects to close the transaction during the first quarter.
Pfizer signed an Exubera agreement in 1998 with the former Aventis. Six years later, Aventis merged with Sanofi-Synthelabo. Pfizer said this transaction triggered a change of control provision in its original agreement, allowing it to buy out its partner. Initially, Sanofi-Aventis disputed the matter before agreeing to sell its stake.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
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