Pfizer to commercialize Cresemba in Europe

15 June 2017

US pharma giant Pfizer (NYSE: PFE) has gained exclusive rights to distribute and commercialize Cresemba (isavuconazole) in Europe from Swiss biopharma Basilea Pharmaceutica (SIX:BSLN).

Following the announcement, Basilea's share price shot up by 6% in Thursday morning's trading, to 81.65 Swiss francs ($44.07).

"This collaboration will allow us to further optimize the value of this key asset in an important region"

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