Pfizer wants you. And you. And you. And you.
Pfizer execs turned up at J.P. Morgan with a simple message: We’re not done doing deals.
Pfizer CFO Frank D’Amelio said they’re on the lookout for new deals that will grow revenue “now or soon,” but frankly are still interested in early-stage efforts as well.
That might not be surprising, but the pharma giant has been blazing a wide path in the market over the past two years. After failed attempts to pull off a major overhaul with a really big M&A deal like an AstraZeneca or Allergan buyout — derailed by the Obama administration’s backlash against tax inversions — Pfizer shook things up with a $14 billion deal to buy Medivation, which provided a product as well as a late-stage drug candidate.
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