
NovoâŊNordiskâŊfloatsâŊ$9âŊbillionâŊbidâŊtoâŊsnatchâŊMetseraâŊfromâŊPfizer
âĒBy ADMIN
Related Stocks:PFE
Danish pharma giant Novo Nordisk has made a bold offensive bid of up to $9âŊbillion to acquire obesityâdrug developer Metsera, offering $56.50âŊper share in cash plus $21.25âŊper share contingent on clinical and regulatory milestones â a clear attempt to outbid rival Pfizer.
Pfizer had previously proposed to acquire Metsera for up to $7.3âŊbillion, at $47.50 per share plus up to $22.50 in milestone payments.
Following Novoâs unsolicited offer, Metseraâs shares jumped about 17â19% in preâmarket trading.
The takeover contest underscores the frenzied race in the obesityâtreatment space, where Novo already holds blockbusters such as Wegovy and is stepping up efforts to bolster its pipeline. Metsera is developing a monthlyâdosed drug that could gain an edge over weekly injections, adding urgency to Novoâs bid. #SlimScan #GrowthStocks #CANSLIM