Please login to the form below

Not currently logged in

China approves Pfizer's Wyeth acquisition

Pfizer has announced it has received approval for its pending acquisition of Wyeth from China's Ministry of Commerce

China's Ministry of Commerce has given Pfizer approval for its pending takeover of Wyeth, which includes a commitment from Pfizer to sell certain animal health assets in the country.

Jeff Kindler, chairman and CEO at Pfizer said: "We are pleased to have achieved another significant milestone with the Ministry's approval of the pending transaction."

Wyeth shareholders approved the merger in July 2009 following an announcement that the deal had been cleared by the European Commission under the European Union Merger Regulation authorisation process.

Approvals from regulators and governments on several continents were required before the deal agreed in January 2009 could go ahead due to the size of the businesses involved.

The completion of the acquisition is dependent on regulatory approval from Australia, Canada and the US, which are expected shortly. Pfizer hopes to close the transaction in the early part of Q4 2009.

29th September 2009


Featured jobs

Subscribe to our email news alerts


Add my company
Just::Health Communications

Just:: is a different kind of healthcare communications agency. Since 2006, we’ve been collaborating with clients around the world to...

Latest intelligence

Big data, privacy and the rise of genomic testing
Blue Latitude Health speaks to Johan Christiaanse, Marketing Director at BGI, to find out how the medical profession can overcome one of the major barriers to precision medicine – big...
Deal Watch January 2018
Emotional Intelligence and Blended Learning in Healthcare
EI and emotional selling are rising up the agenda when it comes to healthcare training. This article outlines how blended learning approaches can help put them into action....