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Pfizer acquires NextWave after surfing ADHD drug to US approval

 
• By Mandy Jackson

Pfizer will invest up to $700 million in privately-held NextWave Pharmaceuticals and its newly approved attention deficit/hyperactivity disorder (ADHD) drug Quillivant XR (methylphenidate hydrochloride), including a $20 million option fee the pharmaceutical giant paid during the second quarter of 2012 under an option and merger agreement.

Pfizer will invest up to $700 million in privately-held NextWave Pharmaceuticals and its newly approved attention deficit/hyperactivity disorder (ADHD) drug Quillivant XR (methylphenidate hydrochloride), including a $20 million option fee the pharmaceutical giant paid during the second quarter of 2012 under an option and merger agreement.

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