find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Mallesons acts on pharma mega deal

Mallesons acts on pharma mega deal

Mallesons is acting as Australian and New Zealand legal advisors for Wyeth on its merger with

Mallesons is acting as Australian and New Zealand legal advisors for Wyeth on its merger with Pfizer, announced 26 January 2009. The deal is being touted in the US media as one of the largest pharmaceutical deals in more than a decade.

Pfizer is the current patent holder of the $12 billion-a-year cholesterol-fighting drug Lipitor. The Lipitor patent is scheduled to expire in 2011, and the company faces a predicted revenue shortfall with anticipated competition in the market from cheaper generic brands.

The merger will bring Wyeth's valuable biotech expertise under the Pfizer umbrella, including products such as Enbrel, a biologic treatment for rheumatoid arthritis. Wyeth and Pfizer have entered into a definitive merger agreement under which Pfizer will acquire Wyeth in a cash-and-stock transaction currently valued at $US68 billion ($101 billion). The boards of directors of both companies have approved the merger.

The Mallesons team is being led by partners Katrina Rathie and Sharon Henrick. "The deal is significant for its dazzling $US68 billion-dollar value in this rather depressed market," said Rathie.

"It shows confidence in 'big-pharma' and the consolidation demonstrates the value of intellectual property rights, research and development, innovation pipeline, know how and consumer brands in the all important healthcare market," said Rathie.

Wyeth and its animal health division, Fort Dodge, are longstanding corporate clients of Mallesons. Mallesons will work with Wyeth and its New York and London M&A advisors, Simpson Thacher & Bartlett, on the M&A, competition and regulatory aspects of the merger in Australian and New Zealand

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Mallesons acts on pharma mega deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, ALA, right-to-die law
Oct 24 2017
‘Right-to-die’ laws would be a relief for terminally ill: ALA
The passage of an assisted dying bill through the lower house of Victorian Parliament has been haile...
Diversity
Oct 24 2017
Diversity top of agenda for future WA Law Society president
The advancement of diversity in the Western Australian legal profession will be one of the key items...
Jetski
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...