AstraZeneca Says No to Pfizer, Pursues Own Path

Apr 23, 2014

The New York Times

According to the New York Times, the British drug company AstraZeneca said no to a tie-up with Pfizer, turning down the possibility of one of the biggest drug mergers in recent history. Whether such a deal would have made sense is another matter, because the British drug maker is trying to improve its fortunes on its own and Pfizer in the past has found that big acquisitions can sometimes prove more distracting than helpful. Read the full story

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