OPKO Health leaps on potential $570 million deal with Pfizer

15 December 2014

US drugmaker OPKO Health (NYSE: OPK) saw its shares leap 13.8% in pre-market trading, when it revealed a licensing deal with pharma giant Pfizer (NYSE: PFE) worth a potential $570 million.

This is a worldwide agreement for the development and commercialization of OPKO’s long-acting hGH-CTP for the treatment of growth hormone deficiency (GHD) in adults and children, as well as for the treatment of growth failure in children born small for gestational age (SGA) who fail to show catch-up growth by two years of age.

$295 million upfront payment to OPKO

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