Pfizer world HQ

Pfizer is expanding its product offerings in a growing medical market with the acquisition of Hospira, a US-based provider of injectable drugs and infusion technologies, for approximately $17bn.

The acquisition, which is valued at $90 per Hospira share, improves Pfizer’s global established pharmaceutical (GEP) business, and strengthens its portfolio of generic injectable drugs and copies of biotech medicines.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Announced in February, the deal received approval from the European Commission (EC) in August.

The EC’s decision includes Pfizer’s commitment to divest certain sterile injectable drugs and its infliximab biosimilar drug, which is currently under development.

Pfizer chairman and chief executive officer Ian Read said: "We are pleased that Hospira, the world’s leading provider of injectable drugs and infusion technologies and a global leader in biosimilars, is now part of Pfizer.

"We want to welcome our new Hospira colleagues to Pfizer. We are excited to add their talents and proud of the shared commitment of all Pfizer colleagues to serving patients worldwide.

"We believe that through this transaction, we’ve created value for our shareholders by delivering incremental revenue and expected EPS growth in the near-term by strengthening our GEP business and positioning it for future growth."

Hospira has broad generic sterile injectables product line, including acute care and oncology injectables, with a number of differentiated presentations.

"We believe that through this transaction, we’ve created value for our shareholders."

Biosimilars portfolio of Hospira is combined with GEP’s branded sterile injectables, including anti-infectives, anti-inflammatories and cytotoxics.

Currently, Pfizer’s GEP business now has a robust portfolio of both generic and branded products.

GEP has significantly advanced its biosimilars business with a broadened portfolio of marketed products and pipeline assets, which will benefit from Pfizer’s best-in-class capabilities in monoclonal antibody development and manufacturing.

The company noted that the global sales of biosimilars are expected to reach $20bn by 2020 and the acquisition of Hospira is expected to generate $800m in cost savings by 2018.


Image: Pfizer world headquarters. Photo: courtesy of Jim.henderson.