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Boehringer Ingelheim GmbH, the world's largest closely held drugmaker, agreed to buy the U.S. rights to the drug Zantac from Pfizer ( PFE ) for $509.5 million. The heartburn medication, which Pfizer has had permission to sell over-the-counter since ... Stocks May Slip on Data, GE Earnings... M&A activity could also draw attention. Drugmaker Boehringer Ingelheim Pharmaceuticals bought U.S. rights to the Zantac over-the-counter heartburn product line for $509.5 million in cash from Johnson & Johnson ( JNJ ) and Pfizer ( PFE ). In the ... J&J selling Zantac to facilitate Pfizer dealTRENTON -- Drugmakers Johnson & Johnson and Pfizer Inc. have agreed to sell the U.S. marketing rights to the nonprescription heartburn drug Zantac to Boehringer Ingelheim Pharmaceuticals Inc. News Archives... as its revenue climbed 19 percent and operating results were unexpectedly strong late in the quarter. 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