anacor pharmaceuticals pfizer

Pfizer Inc. will pay $99.25 per Anacor share. Our dedicated Inflammation and Immunology group has strong existing in-market franchises with Enbrel and Xeljanz, as well as a robust mid-stage pipeline, and this acquisition has the potential to add a near-term U.S. product launch. This material may not be published, broadcast, rewritten, or redistributed. For more information, please visit us at, Anacor is a biopharmaceutical company focused on discovering, developing and commercializing novel small-molecule therapeutics derived from its boron chemistry platform. In both of its Phase 3 pivotal studies, crisaborole achieved statistically significant results on all primary and secondary endpoints and in March 2016, the FDA accepted for review Anacor’s New Drug Application seeking approval of crisaborole for the potential treatment of mild-to-moderate atopic dermatitis in children and adults. These cookies do not store any personal information. Media: Biosimilars to Roche's trio of top cancer meds took a whopping $2.93 billion bite out of third-quarter sales compared with the same period last year. We believe that Pfizer is in a position to quickly capitalize on the benefits offered by the combination with Anacor, including the potential for a near-term U.S. product launch and subsequent commercialization of crisaborole, a differentiated asset with compelling clinical data. F: +44 (0)1959 563123, European Pharmaceutical Review is published by: Russell Publishing Ltd.Court LodgeHogtrough HillBrasted, Kent, TN16 1NUUnited Kingdom. The merger agreement contemplates that Pfizer will acquire any shares of Anacor that are not tendered into the offer through a second-step merger, which will be completed promptly following the closing of the tender offer. Pfizer Inc and Anacor Pharmaceuticals Inc announced that they have entered into a definitive merger agreement under which Pfizer will acquire Anacor for $99.25 per Anacor share, in cash, for a total transaction value, net of cash, of approximately $5.2 billion, which assumes the conversion of Anacor’s outstanding convertible notes. In September 2014, PharmaDerm launched KERYDIN. At Pfizer, we apply science and our global resources to bring therapies to people that extend and significantly improve their lives. Anacor's first approved product, KERYDIN®(tavaborole) topical solution, 5%, is an oxaborole antifungal approved by the U.S. Food and Drug Administration in July 2014 for the topical treatment of onychomycosis of the toenails. By clicking "I agree" you consent to the use of cookies for non-essential functions and the related processing of personal data. The data collected including the number visitors, the source where they have come from, and the pages visited in an anonymous form. Pfizer wins quick reward from buyout of Anacor with approval of eczema drug expected to be blockbuster, You Still Need to Serialize, But Why Customize… Do it Right, Merck's Keytruda scores solo lymphoma nod after Seagen showdown, Roche cancer triumverate suffers 'high-end' biosimilar attack. Anacor also holds the rights to Kerydin, a topical treatment for onychomycosis (toenail fungus) that is distributed and commercialized by Sandoz Inc. in the U.S. Pfizer anticipates financing the transaction through existing cash. This cookie is a browser ID cookie set by LinkedIn share Buttons and ad tags. Pfizer pointed out that approximately 90% of people living with AD have the mild to moderate form of the condition.

The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertising & Targeting". Beyond KERYDIN and crisaborole, Anacor has discovered three investigational compounds that it has out-licensed for further development. “We have a deep respect for Pfizer, and it is clear that they share our commitment to addressing the significant unmet medical needs in inflammatory disease. We strive to set the standard for quality, safety and value in the discovery, development and manufacture of health care products. Score a big win for Pfizer and its $4.5 billion buyout of Anacor Pharmaceuticals.

However, last month, Leerink analysts told investors there could be a hangup there. “Now that Anacor is part of Pfizer, we can accelerate our shared commitment to help patients with inflammatory disease, an area of high unmet medical need,” said Albert Bourla, Group President, Pfizer Innovative Health. For more information, please visit us at www.pfizer.com.

Albert Bourla, group president of Pfizer's global innovative pharma and global vaccines, oncology and consumer healthcare businesses said in a written statement that the buyout is attractive because it provides an opportunity to address a significant unmet medical need for a large patient population with eczema. ANACOR STOCKHOLDERS ARE URGED TO READ THESE DOCUMENTS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF ANACOR SECURITIES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SECURITIES. That's a 55 percent premium to its Friday closing price of $64.03.

If approved, crisaborole has the potential to be an important first-line treatment option for patients with mild-to-moderate atopic dermatitis and the physicians who treat them.”. The transaction is not expected to impact Pfizer’s current 2016 adjusted financial guidance. Battleground Tracker: Biden leads in Michigan and Nevada, race tied in Iowa, A behind-the-scenes look at how mail-in ballots are processed, With more mail-in ballots, officials urge patience on election night, Americans and the right to vote: Why it's not easy for everyone, Why some mail-in ballots are rejected and how to make sure your vote counts. The big draw for Pfizer, however, was the non-steroidal topical gel crisaborole, which Pfizer has said would be the first new eczema treatment approved in 15 years. This cookie is set by Advanced Ads and sets geo-location, user role and user capabilities. The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, will be made available to all holders of Anacor stock at no expense to them. This cookie is set by Youtube and is used to track the views of embedded videos. It is based in Palo Alto, California, United States.Anacor was founded in 2002 based on technology created by Lucy Shapiro at Stanford University and Stephen Benkovic at Pennsylvania State University. This cookie is set by GDPR Cookie Consent WordPress Plugin. Enclose phrases in quotes. “Today marks the beginning of an exciting new chapter for Anacor, which we believe will deliver significant value to our shareholders,” said Paul L. Berns, Anacor’s Chairman and Chief Executive Officer. In September 2014, PharmaDerm launched KERYDIN. The FDA said the most common side effect was burning or stinging when the gel was applied. When you press play, Vimeo will drop third party cookies to enable the video to play and to see how long a viewer has watched the video. We embed videos from our official Vimeo channel. Therapeutic Modalities and Technology Platforms, Small Molecule Product & Process Development, Maintaining Emotional Well-Being During COVID-19, Coronavirus disease (COVID-19) Scientific Resources, Meet our new Chief Patient Officer, Dr. Dara Richardson-Heron, Creating Cures Through Facility Investments. Bourla said that there are currently few safe topical treatments available for the condition. The Prescription Drug User Fee Act (PDUFA) goal date for the completion of the FDA’s review is January 7, 2017. We strive to set the standard for quality, safety and value in the discovery, development and manufacture of health care products. It does not store any personal data. By Victoria White (European Pharmaceutical Review). “Today marks the beginning of an exciting new chapter for Anacor, which we believe will deliver significant value to our shareholders,” said Paul L. Berns, Anacor’s Chairman and Chief Executive Officer. Under the terms of the transaction, each outstanding share of Anacor common stock has been converted into the right to receive $99.25 net in cash. Pfizer has completed its acquisition of Anacor Pharmaceuticals.

The cookie is used to remember the user consent for the cookies under the category "Performance". Atopic dermatitis has been considerably underdiagnosed due to the lack of approved effective systemic agents, and limitations of current topical agents. For more information on the Adjusted Diluted EPS measure see Pfizer’s 2015 Financial Report, which was filed as exhibit 13 to Pfizer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015. This website uses cookies to improve your experience while you navigate through the website. Anacor’s lead product development candidate is crisaborole topical ointment, 2%, a novel non-steroidal topical anti-inflammatory PDE-4 inhibitor in development for the potential treatment of mild-to-moderate atopic dermatitis and psoriasis. Anacor also holds the rights to Kerydin, a topical treatment for onychomycosis (toenail fungus) that is distributed and commercialized by Sandoz Inc. in the U.S.Pfizer anticipates financing the transaction through existing cash. Copies of the documents filed with the SEC by Anacor will be available free of charge on Anacor’s internet website at http://www.anacor.com or by contacting Anacor’s Investor Relations Department at (650) 543-7575. “Crisaborole is a differentiated asset with compelling clinical data that, if approved, has the potential to be an important first-line treatment option for these patients and the physicians who treat them.”. Pfizer has completed its acquisition of Anacor Pharmaceuticals. You can adjust your cookie and associated data processing preferences at any time via our "Cookie Settings". Sorry, you need to enable JavaScript to visit this website. We believe we are well positioned to maximize crisaborole’s commercial potential through our strong relationships with pediatricians and primary care physicians,” continued Bourla. This cookie is set by LinkedIn and is used for tracking. Learn how preclinical ototoxicity assessment can help you avoid clinical and financial risks.

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The Prescription Drug User Fee Act (PDUFA) goal date for the completion of the FDA’s review is January 7, 2017. Anacor’s lead product development candidate is crisaborole topical ointment, 2%, a novel non-steroidal topical anti-inflammatory PDE-4 inhibitor in development for the potential treatment of mild-to-moderate atopic dermatitis and psoriasis.

Reproduction in whole or part is prohibited. Pfizer and Anacor’s filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov.

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