Pfizer Agrees to $5.4 Billion Deal for Global Blood Therapeutics

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Pfizer Inc. has agreed to purchase International Blood Therapeutics Inc. for $5.4 billion, in a deal that will give the large drugmaker a foothold within the remedy of sickle-cell illness.

Pfizer mentioned Monday it might pay $68.50 a share in money for International Blood Therapeutics, which has one of many few authorized therapies for sickle-cell illness. The Wall Road Journal reported Friday that the companies were in advanced talks.

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