Pfizer’s time has run out: AstraZeneca is still standing

Pfizer’s time ran out yesterday for making a formal bid to AstraZeneca, as outlined by the strict timetabling allowed for takeovers of public companies. The US drugs giant confirmed that ‘it does not intend to make an offer for AstraZeneca’. Leif Johansson, Chairman of AstraZeneca stated that in accordance with Pfizer’s confirmation to no longer pursue Astra, ‘we welcome the …