Key Developments: Pfizer Ltd (PFIZ.NS)
Latest Key Developments (Source: Significant Developments)
Sosei Group Corp:Signed an exclusive promotion agreement for Ultibro Breezhaler and Seebri Breezhaler in the United Kingdom with Pfizer Limited. Full Article
Pfizer Ltd:Board of Directors have not recommended any further dividend for the financial year ended March 31. Full Article
Acura Pharmaceuticals Inc:Says letter agreement with Pfizer Inc. for termination of Pfizer's license to Acura's AVERSION Technology and return to Acura of FDA approved Oxecta (oxycodone HCl) product.Letter agreement provides Acura to make a one-time payment of $2.0 mln to Pfizer.License termination is effective April 9. Full Article
Pfizer Ltd:Say it has fixed the record date for payment of interim dividend as December 06, 2013 for the purpose of determining the eligibility of shareholders for payment of interim dividend. Full Article
Wyeth Ltd:Say approved the Scheme of Amalgamation of Wyeth Ltd (Transferor Company) with Pfizer Ltd (Transferee Company).Says entire undertaking of the Transferor Company would be transferred to the Transferee Company as a going concern together with all assets and liabilities of the Transferor Company.Says Appointed Date of the Scheme would be April 01, 2013.Says consideration of the amalgamation, the Transferee Company will issue shares to the shareholders of the Transferor Company in the following swap ratio jointly recommended by the independent Valuers, Deloitte Haskins & Sells and S. R. Batliboi & Co. LLP as under.Says Seven fully paid up equity shares of Indian Rupees 10 each of Pfizer Ltd for every 10 fully paid up equity shares of Indian Rupees 10 each of Wyeth Ltd.Says Citigroup Global Markets India Private Limited has issued a fairness opinion on the swap ratio.Says Upon the Scheme coming into effect, the Transferor Company will be dissolved without being wound up. Full Article
MUMBAI, Nov 6 - Pfizer Ltd, the Indian unit of U.S. drugmaker Pfizer Inc, reported a quarterly loss on Thursday, due to expenses related to a lockout at its manufacturing plant in Mumbai.