Newsclip®: [Business] Pfizer to buy eczema specialist for $5.2 billion

"NEW YORK: US drugs giant Pfizer is buying California biotech company Anacor Pharmaceuticals, a specialist in eczema treatment, in an all-cash $5.2 billion deal, the companies said Monday.Five weeks after scrapping a $160 billion takeover plan with Allergan in the face of a US crackdown on tax-saving mergers, Pfizer announced the Anacor acquisition will add a key anti-inflammatory drug, crisaborole, to its portfolio.Anacor's crisaborole is currently under review by the US Food and Drug Admini", www.brecorder.com


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