Announced

Pfizer to acquire a 9.9% stake in CStone for $200m.

Synopsis

Pfizer, an American multinational pharmaceutical corporation, agreed to acquire a 9.9% stake in CStone Pharmaceuticals, a biopharmaceutical company focused on developing and commercializing innovative immuno-oncology and precision medicine, for $200m. “Pfizer’s investment in CStone is a statement of its confidence in the potential of our anti-PD-L1 treatment and recognition of our research and development capabilities. By joining forces with Pfizer and leveraging its commercialization infrastructure, we will ensure that patients across a vastly expanded number of markets in China have quicker access to our highly differentiated PD-L1 treatment. In addition, we have advanced our transformation into a full-fledged biopharmaceutical company by forging a collaboration that will enable us to accelerate development and commercialization of globally innovative therapies for Chinese patients,” Frank Jiang, CStone Chairman and Chief Executive Officer.

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Sort

By continuing, you agree to our Terms & Conditions and our Data Privacy Policy

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US