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Pfizer boosts obesity drug prospects with $7.3 billion deal to buy Metsera
CNBC·2025-09-22 20:59

Pfizer on Monday said it would buy weight loss drugmaker Metsera in an up to 7.3billiondeal,includingfuturepayments,asitscramblestowinasliceintheboomingobesitydrugmarket. Pfizersaiditwillpayaninitial7.3 billion deal, including future payments, as it scrambles to win a slice in the booming obesity drug market. Pfizer said it will pay an initial 47.50 a share in cash for Metsera, a nearly 43% premium to the biotech company's Friday's closing price of 33.32.Thatgivesthedealanenterprisevalueof33.32. That gives the deal an enterprise value of 4.9 billion. The pact also includes a contingent value right worth up to $22.50 a share based on potential clinical and regulat ...