Pfizer beats Sanofi with Medivation deal for $14B

NEW YORK - Pfizer Inc. agreed to buy Medivation Inc. for about $14 billion, gaining a blockbuster prostate-cancer treatment and leaving French drugmaker Sanofi jilted. Pfizer will pay $81.50 a share in cash, the companies said in a statement on Monday. Shares of Medivation, which closed at $67.16 on Friday, climbed about 20 percent to…

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