Pfizer to buy Baxter's vaccines unit for $635 million

July 30, 2014 2:11 PM

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Pfizer to buy Baxter's vaccines unit for $635 million

(Reuters) - Pfizer Inc (PFE.N) agreed on Wednesday to buy Baxter International Inc's (BAX.N) vaccines unit and a part of a production facility for $635 million.

The deal will give Pfizer access to Baxter's meningitis vaccine, NeisVac-C, and its encephalitis vaccine, FSME-IMMUN.

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