Pfizer (PFE) Officially Ditches Pursuit Of AstraZeneca PLC (AZN)  
5/27/2014 6:35:11 AM

free biotech news Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!

Pfizer has given up on its attempt to take over the British pharmaceutical company AstraZeneca.

The American drug maker announced Monday that it was withdrawing its latest in a series of unsolicited offers.

That bid valued AstraZeneca (AZN) at nearly $120 billion, a 45% premium over the company's share price in mid-April. If the deal had been accepted, it would have been one of the biggest drug takeovers in history.

Help employers find you! Check out all the jobs and post your resume.