King Pharma Files NDA for Pain Drug - Analyst Blog

Acurox has been developed using Acura's Aversion technology. King Pharma is seeking priority review for the candidate.

Neutral on King Pharma

We currently have a 'Neutral' recommendation on King Pharma, which is supported by a Zacks #3 Rank (short-term “Hold” rating). In October 2010, the company entered into an agreement with Pfizer (PFE) whereby Pfizer will acquire King Pharma for $14.25 per share.

The offer price represents a 40% premium on King Pharma's closing price as of October 11, 2010. The Boards of both companies have approved the deal, which is scheduled to close later this year/early next year.



KING PHARMACEUT (KG
): Free Stock Analysis Report


PFIZER INC (PFE
): Free Stock Analysis Report


Zacks Investment Research
Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.