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Pfizer to Acquire Hospira

Gains portfolio of biosimilars and sterile injectable products

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By: Kristin Brooks

Managing Editor, Contract Pharma

Pfizer has entered into a definitive merger agreement to acquire Hospira, a leading provider of injectable drugs and infusion technologies, as well as biosimilars, for a total value of approximately $17 billion. The global market value for both generic sterile injectables and biosimilars is expected to grow, estimated to be $70 billion and $20 billion in 2020, respectively. The boards of both companies have unanimously approved the merger. The transaction, subject to customary closing conditions...

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