MedWatch

Pfizer to acquire migraine firm for over USD 11bn

US-based Pfizer is prepared to pay as much as USD 11.6bn to buy Biohaven Pharmaceuticals and its approved migraine therapy.

Photo: Dado Ruvic/REUTERS / X02714

On Tuesday, Pfizer has announced its intention to acquire Biohaven Pharmaceuticals, agreeing to pay USD 148.5 per share in cash, which equals to a whopping price tag of USD 11.6bn, a company press release reports.

Pfizer became a household name during the pandemic, when the firm, alongside German Biontech, developed a vaccine against Covid-19.

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