PFIZER COMPLETES ACQUISITION OF INNOPHARMA
NEW YORK, N.Y., September 25 - Pfizer Inc. (NYSE: PFE) today announced that
it has completed its acquisition of the pharmaceutical development company,
InnoPharma, Inc., following receipt of United States (U.S.) regulatory
approval from all government authorities required by the agreement and other
closing conditions.
"We believe this acquisition will help Pfizer build a strong sterile
injectables pipeline in areas such as oncology and central nervous
disorders," said John Young, group president, Pfizer Global Established
Pharma (GEP). "Sterile injectables is one of several areas of
potential growth for GEP. This acquisition reflects our continued view
that attractive growth opportunities, both external and organic, exist for
the business."
Pfizer Inc.: Working together for a healthier world®
At Pfizer, we apply science and our global resources to bring therapies to people that extend and significantly
improve their lives. We strive to set the standard for quality, safety and value in the discovery, development
and manufacture of health care products. Our global portfolio includes medicines and vaccines as well as many
of the world's best-known consumer health care products. Every day, Pfizer colleagues work across developed
and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared
diseases of our time. Consistent
with our responsibility as one of the world's premier innovative biopharmaceutical
companies, we collaborate with health care providers, governments and local communities to support and expand
access to reliable, affordable health care around the world. For more than 150 years, Pfizer has worked to make
a difference for all who rely on us. To learn more, please visit us at
www.pfizer.com.
PFIZER DISCLOSURE NOTICE
The information contained in this release is as of September 25, 2014. Pfizer assumes no obligation to update
forward-looking statements contained in this release as the result of new information or future events or developments.
This release contains forward-looking information about Pfizer's
acquisition of InnoPharma
that involves substantial risks and uncertainties. Such risks and uncertainties include, among other things,
the uncertainties inherent in research and development; decisions by regulatory authorities regarding whether and when to approve any
applications for InnoPharma's product candidates, as well as their decisions regarding labeling and other matters
that could affect their availability or commercial potential; and competitive developments.
A further description of risks and uncertainties can be found in Pfizer's Annual Report on Form 10-K for the
fiscal year ended December 31, 2013 and in its subsequent reports on Form 10-Q and Form 8-K.
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CONTACT: Pfizer Media Contact:
Joan Campion
+1 212 733.2798 (O)
+1 201 761.9384 (M)
Joan.Campion@pfizer.com
Pfizer Investor Contact:
Ryan Crowe
+1 212 733.8160 (O)
+1 215 260.0914 (M)
Ryan.Crowe@pfizer.com