Posted by: Audrey Erbes | November 14, 2007

Pfizer makes nice with Nektar

It’s not surprising that Pfizer has settled with nice package of $135 million for withdrawing from the Exubera contract. (See details of settlement at http://www.biospace.com/news_story.aspx?NewsEntityId=77240 ) Pfizer is rightfully concerned about losing its status as a “preferred partner” for potential future lucrative licensing deals with biopharma companies. This status allowed them to gain licenses for blockbusters Lipitor and Celebrex  from Parke Davis and Searle, respectively, companies which Pfizer eventually acquired. 

It will be interesting to see if Nektar finds a niche partner like Cephalon to take on Exubera sales.

Audrey

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