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Pfizer buying Coley for $164mm
31 Jan 2008
Executive Summary
Following two years of collaboration, Pfizer is stepping up its relationship with Coley Pharmaceuticals by purchasing the public vaccine adjuvant and immunotherapeutics developer for $8 per share, or a total of about $213mm ($165mm after subtracting Coley's net cash balance). The per share price represents a 154% premium over Coley's preannouncement market average.
Deal Industry
- Pharmaceuticals
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Pharmaceuticals
- Vaccines
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Biotechnology
- Antisense, Oligonucleotides
- Large Molecule
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Contract
- Payment Includes Cash
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