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Pfizer Licenses OTC Nexium Rights From AstraZeneca

This article was originally published in The Pink Sheet Daily

Executive Summary

Pfizer will make an upfront payment of $250 million for global rights to market a potential 20 mg OTC version of proton pump inhibitor Nexium, currently available only by prescription. Filing of Rx-to-OTC switch application expected in first half of 2013.

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