Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Pfizer.svg
- Credit: Pfizer Logo (source: wikimedia.org)
Business
Health
AM-Pharma
buyout
medication
Pfizer
pharmaceuticals
Tuesday, 12 May 2015 - 16:15
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Pfizer takes stake in Dutch pharma firm; half-billion buyout possible

American pharmaceutical firm Pfizer has purchased a minority stake in the Dutch biopharmaceutical AM-Pharma. The American firm has an exclusive option to buy out the whole company after committing an upfront payment of 87.5 million. Pfizer may pay up to 512.5 million more if it exercises the buyout option, considering several potential product launches. The option becomes exercisable when the second phase of a treatment trial for acute kidney injury related to sepsis is complete. The results of the trial are expected in the second half of next year. AM-Pharma reported favorable data for phase one in March 2014. AM-Pharma has raised 67 million euros in financing for the treatment development. The clinical data show the potential to uniquely address Acute Kidney Injury related to sepsis, according to Pfizer. The company said there are no drugs approved for this condition, and the only treatment is dialysis and supportive care. Pfizer was previously one of the world's largest pharmaceutical companies by revenue. Some of its key drugs lost US patent protection in recent years allowing cheaper generic versions to takeover the market.

Follow us:

Latest stories

  • Bonaire residents feel forgotten by Dutch politics regarding climate change problems
  • 200 people arrested at Extinction Rebellion protest, A12 is empty again
  • Dutch economy in good shape: Retains top credit rating from Moody’s
  • Rutte expects European migration measures to take effect from March
  • Provincial council members to earn significantly more after elections in March
  • Police intervenes Extinction Rebellion protest on A12; Dozens of people arrested

Top stories

  • Police intervenes Extinction Rebellion protest on A12; Dozens of people arrested
  • Rutte lashes out at left wing parties in election campaign interview
  • Netherlands and the US agree on export restriction of ASML chip machines
  • Hundreds of Extinction Rebellion activists block the A12 in The Hague
  • Eneco is significantly lowering energy rates, but still above the price ceiling
  • Millions of computer chips from Dutch manufacturers wound up in Russia: Report

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content