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Pfizer sells Esperion unit

May 02, 2008|From Times Wire Services

Pfizer Inc. sold Esperion Therapeutics Inc., a company it bought for $1.3 billion more than four years ago, to a group of venture capital firms that are investing $22.8 million in the company.

Aisling Capital, Alta Partners and Domain Associates led the financing, which Pfizer will share in return for a stake in the company. The terms of the deal weren't disclosed.

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