Pfizer Acquires Pain Drug Developer Icagen for $56M
By Catherine Shaffer
Thursday, July 21, 2011
Pfizer Inc. will acquire approximately 8.3 million shares in Icagen Inc. at a share price of $6 to become the majority shareholder in the company. Icagen is developing its pipeline of drugs targeted at ion channels for pain disorders, and three of its targets are covered by a 2007 collaboration agreement with Pfizer.
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