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Pfizer approaches Medivation about potential takeover: sources

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Pfizer Inc has approached US cancer drug maker Medivation Inc to express interest in an acquisition, raising the possibility of a bid rivalling a US$9.3 billion offer by Sanofi SA, people familiar with the matter said on Tuesday.

New York

PFIZER Inc has approached US cancer drug maker Medivation Inc to express interest in an acquisition, raising the possibility of a bid rivalling a US$9.3 billion offer by Sanofi SA, people familiar with the matter said on Tuesday.

Pfizer's approach comes less than a week