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Pfizer acquires 'Neksium' brand from AstraZeneca AB, Sweden

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Capital Market
Last Updated : May 31 2017 | 6:28 PM IST

For consideration of Rs 75 crore

Pfizer has entered into an Acquisition Agreement with AstraZeneca AB, Sweden ('AstraZeneca'), pursuant to which the brand 'Neksium' is being acquired by the Company in India for a consideration of Rs. 75 crore, subject to completion of necessary conditions precedent.

Neksium (esomeprazole) complements the Company's existing product portfolio in the gastrointestinal (GI) therapeutic area.

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First Published: May 31 2017 | 6:07 PM IST

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