The patent office dismissed the objections of two opponents and granted two process patents for Pfizer's etanercept
The drugmaker earned 61 cents per share in the third quarter, excluding special items, missing the average analyst estimate by 1 cent
Pfizer shares on Monday ended at Rs 1,930.40 apiece on the BSE, down 1.66% from previous close
Deal could be valued at more than $1.5 billion
Pfizer, Merck, Celgene Corp and Gilead Sciences Inc had submitted expressions of interest to buy Medivation
The deal may be announced as early as Monday, said the people, who asked not to be identified because the matter is still private
Purchase would be Pfizer's biggest buy since it bought the medical device company Hospira last year for $17 billion
The net-of-cash deal value assumes conversion of Anacor's outstanding convertible notes
Anacor's flagship asset, crisaborole, is currently under review by the USFDA for the treatment of mild-to-moderate atopic dermatitis, commonly referred to as eczema
With this all 25 companies that produce medicines used in executions have blocked their sale for that purpose
Medivation has not yet decided whether it should engage with Pfizer in negotiations and is in discussions with its financial and legal advisers
Pfizer's $152-billion merger with Allergan failed after the Obama administration introduced rules that would make the deal much less attractive
Move comes in as a major victory to US President Barack Obama's drive to stop tax-dodging corporate mergers
The decision by Obama administration to end the biggest tax 'inversion' ever attempted would otherwise have seen Pfizer slash its tax bill by redomiciling to Ireland where Allergan is registered
Pfizer stopped sale of cough syrups Corex and Phensedyl after govt banned over 300 fixed dose combination drugs
The court said the government had not issued Pfizer a 'show cause notice' before banning the medicine
Its brand Corex is a big contributor to revenues, but measure may reduce earnings estimate for firm
Sale of over 300 drugs' combination have been banned; HC granted relief saying they've been in business for 25 years
The stock dipped 5% to Rs 1,827 on the BSE.
India has banned over 344 drug combinations after a govt panel of experts found that they had no therapeutic justification