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Covington Advises Pfizer in Acquisition of Idun

February 25, 2005

NEW YORK, NY, February 25, 2005 -  Covington & Burling represented Pfizer, Inc. in its agreement to acquire Idun Pharmaceuticals, Inc.  The acquisition of Idun, a biopharmaceutical company focused on the discovery and development of therapies to control apoptosis, is expected to close during the second quarter of the year.

"The acquisition of Idun is a further step in our strategy to augment Pfizer's internal research and development efforts with high-potential, externally sourced product candidates and technologies," said Martin Mackay, Senior Vice President Worldwide Research & Technology for Pfizer in a statement yesterday.  Pfizer discovers, develops, manufactures, and markets leading prescription medicines for humans and animals and many of the world's best-known consumer brands. 

Covington's legal team was led by Scott Smith, Andrew Muratore, and Emily Zarins, corporate lawyers in the New York office.

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