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AstraZeneca smashes forecasts in Q2 after seeing off Pfizer

Last Updated: Thursday, July 31, 2014, 12:26

AstraZeneca smashed forecasts for second-quarter sales and earnings on Thursday, demonstrating resilience after seeing off a USD 118 billion takeover approach from rival drugmaker Pfizer two months ago.

Pfizer earnings drop but results best expectations

Last Updated: Tuesday, July 29, 2014, 18:20

US pharmaceutical giant Pfizer Tuesday reported a smaller drop in sales than expected as second-quarter earnings fell sharply due to a one-time gain last year.

Pfizer Q1 Net dips 3% at Rs 46 cr

Last Updated: Thursday, July 24, 2014, 18:39

Drug firm Pfizer Thursday reported 3.10 percent decline in net profit at Rs 46.15 crore for the first quarter ended June 30, 2014.

Drugmaker Shire rejects 27 bn pound bid from US giant AbbVie

Last Updated: Friday, June 20, 2014, 15:30

Shire Pharmaceuticals rejected Friday a £27-billion informal bid from US giant AbbVie, arguing that it "fundamentally" undervalued the group, in the latest blockbuster deal to hit the global drugs sector.

Pfizer walks away from $118 bn AstraZeneca takeover attempt

Last Updated: Monday, May 26, 2014, 21:03

Pfizer said on Monday it had abandoned its current attempt to buy AstraZeneca for nearly 70 billion pounds (USD 118 billion) as a deadline approached without a last-minute change of heart by the British drugmaker.

Pfizer-AstraZeneca deal not quite dead yet

Last Updated: Tuesday, May 20, 2014, 04:39

Pfizer Inc may have called its USD 118 billion bid for AstraZeneca Plc a "final" offer, and its British rival sees no prospect of a deal being revived. But Wall Street isn’t ready to call in the undertakers.

AstraZeneca rejects Pfizer's take-it-or-leave-it offer

Last Updated: Tuesday, May 20, 2014, 02:50

Britain`s AstraZeneca on Monday rejected a sweetened and "final" offer from Pfizer , puncturing the U.S. drugmaker`s plan for a merger to create the world`s biggest pharmaceuticals group.

AstraZeneca rejects Pfizer`s final $117 bn bid

Last Updated: Monday, May 19, 2014, 12:44

AstraZeneca, which has repeatedly snubbed Pfizer`s takeover attempt, attacked the bid for offering to establish its corporate and tax residency in England.

Pfizer planning to beef up AstraZeneca bid: Report

Last Updated: Monday, May 19, 2014, 00:47

US drugs giant Pfizer was planning Sunday to beef up its takeover offer for British competitor AstraZeneca, the Wall Street Journal reported.

Job losses possible in AstraZeneca tie-up, Pfizer chief admits

Last Updated: Tuesday, May 13, 2014, 19:23

The head of US drugs giant Pfizer admitted Tuesday that jobs could be lost if it succeeds in taking over British competitor AstraZeneca in a £63-billion deal.

Pfizer considers raising bid for AstraZeneca

Last Updated: Tuesday, May 13, 2014, 10:00

On May 2, AstraZeneca turned down a sweetened Pfizer cash and stock offer that valued the British company at 63 billion pounds (USD 106 billion).

Pfizer under growing political pressure in US, Britain

Last Updated: Saturday, May 10, 2014, 10:45

Pfizer chief executive Ian Read next week will testify before a parliamentary panel in his second trip to London since launching the AstraZeneca campaign on April 28.