Pfizer, Metsera and Novo
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Pfizer Chief Executive Albert Bourla had long searched for an obesity drug to make up for dwindling sales of the pharma company’s aging blockbusters. Late Friday, after a dramatic bidding war, he learned he’d finally claimed his prize.
During a press conference to announce a drug price deal for GLP-1s, President Donald Trump asked for more details about the ongoing bidding war between Novo Nordisk and Pfizer over obesity biotech Metsera.
Pfizer not only beat expectations last quarter, but also boosted its guidance.
The founders of Metsera have a battle to buy their company. It would be their second time striking deal gold.