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Pfizer Acquires CovX

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Pfizer has agreed to acquire CovX, a privately-held biotherapeutics company specializing in preclinical oncology and metabolic research and a developer of a biotherapeutics technology platform. The price was not disclosed. Based in La Jolla, CA, CovX will operate as a division of Pfizer’s new Biotherapeutic and Bioinnovation Center. Said Jeffrey Kindler, chairman and chief executive officer of Pfizer, “The acquisition of CovX is a further step in Pfizer’s strategy to acquire an...

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