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Array's Three Value Drivers Align With Pfizer's Three Oncology Pillars In $11.4bn Deal

 
• By Mandy Jackson

Pfizer is buying Array for a 62% premium, citing its Braftovi/Mektovi drug combo, pipeline of targeted cancer therapies and royalty revenue from partnered assets as key value drivers, aligning with the three pillars the big pharma recently outlined for its oncology strategy.

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Array's assets align with Pfizer's three oncology strategy pillars. • Source: Shutterstock

The three main value drivers behind Pfizer Inc.'s $11.4bn purchase of Array BioPharma Inc. appear to align well with the three pillars the big pharma recently outlined for its mid- to long-term strategy in oncology, with Array's BRAF/MEK inhibitor combination Braftovi/Mektovi immediately contributing a small, but growing source of new revenue.

The deal announced on 17 June "makes sense to us as Pfizer works to further boost its innovative core," Credit Suisse analyst Vamil Divan said in his same-day note about...

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