Pfizer Completes Purchase of Pain Meds Company Icagen

Pfizer has completed its acquisition of pain medication company Icagen in a deal worth almost $50 million, according to a Pfizer press release.

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Icagen, based in Research Triangle Park, N.C., focuses on the discovery, development and commercialization of orally-administered, small-molecule drugs that modulate ion channel targets.

 

Pfizer previously owned 11 percent of Icagen and had invested about $56 million in the company.

 

Related Articles on Pfizer:

Pfizer Reports “Potentially Improper Payments” Made Outside U.S.

Global Pain Medication Sales Rise 8.9% Since 2005

Study: Lyrica Pain Drug From Pfizer Effective for Spinal Pain


 

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