Pfizer admits defeat 'for now'

Posted by Unknown on Tuesday, May 27, 2014



Shortly before the announcement that Pfizer abandoned its $69bn final bid for UK drugmaker AstraZeneca on Monday , Birgit Kulhoff Rahn & Bodmer said it would be the US drug giant's last move.




She said: "In three months time, we won't see a new offer from Pfizer for AstraZeneca...I don't really see it happening".




Pfizer must now walk away from a possible deal for at least three months.






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