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Pfizer (NYSE:PFE) will not compete with Amgen (NASDAQ:AMGN) for the buyout of cancer drugmaker Onyx Pharmaceuticals (NASDAQ:ONXX) Malaya Business Insight reported via Reuters.
Pfizer (NYSE:PFE) will not compete with Amgen (NASDAQ:AMGN) for the buyout of cancer drugmaker Onyx Pharmaceuticals (NASDAQ:ONXX) Malaya Business Insight reported via Reuters.
As quoted in the market news:
Pfizer, among the drugmakers that have been evaluating a bid as recently as a few days ago, has decided not to move forward, mainly on concerns that Onyx has become too expensive after a recent run-up in its share price, [people familar with the matter] said on Thursday.
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