Friday, March 02, 2007

Pfizer UK - full steam ahead with Unichem deal

Back story here.

UK Drug wholesalers failed have failed to block a controversial arrangement making Alliance Boots the exclusive distributor of medicines from Pfizer, the world's biggest drugmaker.

The high court in London dismissed their application for an injunction to stop the deal coming effect on March 5.

Lawyers for the wholesalers had argued that implementation of the deal, which gives UniChem, the wholesaling division of Alliance Boots, the right to supply 15,000 pharmacies, hospitals and dispensing doctors in Britain, should be put on hold pending a full hearing of their challenge.

More at Reuters

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