Pfizer's Strategic Move: Potential $7.3 Billion Acquisition of Metsera Set to Shake Up Weight-Loss Drug Market
Pfizer is reportedly nearing a $7.3 billion acquisition of Metsera, a weight-loss drug developer. The deal is expected to include $47.50 per share, with an additional contingent payment based on future performance. The acquisition highlights increasing investor interest in the booming weight-loss drug market, projected to reach $150 billion by 2030.
Pfizer is on the verge of acquiring Metsera, a breakthrough weight-loss drug developer, in a deal valued at $7.3 billion. The acquisition, as reported by the Financial Times, awaits official confirmation with Pfizer set to pay $47.50 per share in cash.
An additional $22.50 per share could be provided, contingent on Metsera meeting specific performance benchmarks, indicating a strong confidence in their future success. This potential purchase follows Metsera's notable Nasdaq debut, capturing significant investor interest.
With projections suggesting the global weight-loss market will top $150 billion by 2030, Pfizer's proposed acquisition is a strategic move to capitalize on burgeoning demand and technological advancements within the sector.
(With inputs from agencies.)
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