Nov. 14 at 9:27 PM
$TPST
Pfizer + Metsera (MET) buyout
$10 billion deal
The crown jewel: MET-097i
- a weekly and monthly injectable GLP-1
- about to begin Phase 3
- 2 Other candidates in PI
The drama
“Metsera initially agreed to be acquired by Pfizer in late September, but just over a month later, Novo shocked the world by offering
$6.5 billion upfront for the biotech, outbidding Pfizer’s
$4.9 billion upfront offer.”
The finale
“The total deal value of around
$10 billion represents a significant uptick from the
$7.3 billion value of the companies' original buyout deal, inked in September.”
https://www.fiercebiotech.com/biotech/pfizer-finalizes-metsera-buy-after-contentious-bidding-war-novo-nordisk