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Pfizer Gets FTC Approval for Hospira Acquisition But Must Divest Seveal Sterile Injectible Assets

Pharmaceutical giant Pfizer Inc. said on Monday it has secured U.S. regulatory clearance to acquire smaller rival Hospira Inc., but must first sell several of its sterile injectable drugs business.

As what Neil Woodford anticipates, Pfizer's bid was underestimated by UK drug company's prospects

The famous fund official, who was supporting AstraZeneca declined Pfizer's takeover program, expects the US drug brand to come up with a different offer when it arrives in UK.

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