Osteoporosis Drug Deal Dies
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<i> Bloomberg Business News</i>
NEW YORK — Pfizer Inc. and Procter & Gamble Co. have scrapped plans to co-develop an osteoporosis drug after failing to agree on final commercial terms.
Last September, the companies agreed to jointly develop Procter & Gamble’s prescription drug, Risedronate, to treat osteoporosis.
The companies said late Tuesday they were unable to reach final commercial terms, but didn’t elaborate.
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