Pfizer Inc. is relying on future growth of the prostate cancer therapy Xtandi (enzalutamide) to justify the $14bn price it will pay to buy Medivation Inc., but two pipeline products and the potential for developing drugs in combination across pipelines could be longer term growth drivers.
With Medivation, Pfizer Sees A Chance For More Combinations
Most of the $14bn value Pfizer agreed to pay to buy Medivation is tied to future growth of Xtandi, according to the company, but two pipeline assets and the potential to combine drugs could offer upside.
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