Big Pharma Face-Off: Novo Nordisk Makes $9 Billion Bid for Obesity Drug Maker Metsera, Taking Aim at Pfizer's Grip on Weight Loss Market.
In a surprise move, Danish pharmaceutical giant Novo Nordisk has launched a $9 billion bid to acquire US-based obesity-focused biotech firm Metsera, throwing a wrench into an existing deal between Pfizer and Metsera that could have handed the latter a significant takeover windfall. The unexpected bid comes just weeks after Metsera agreed to a $7.3 billion acquisition by Pfizer.
Pfizer has responded sharply to Novo Nordisk's move, accusing the Danish company of making a "reckless" offer aimed at stifling competition in the weight loss market. Pfizer claims that its own deal with Metsera is superior and has warned that it will pursue all available legal avenues to enforce its rights under the agreement.
At the heart of the dispute are Metsera's promising pipeline of obesity treatments, including a new weight-loss pill and an amylin-based injection that could potentially bypass muscle loss associated with existing medications. Novo Nordisk believes that acquiring Metsera would help it expand its own portfolio of weight loss drugs and strengthen its market position.
The Danish company has offered $56.50 per share for Metsera, valuing the firm at around $6.5 billion, plus an additional $21.25 per share if Metsera meets specific clinical and regulatory targets. Pfizer's offer, meanwhile, stands at $47.50 per share with a further $22.50 bonus.
The escalating battle between Novo Nordisk and Pfizer highlights the increasingly cutthroat nature of the weight loss market, where pharmaceutical companies are fighting fiercely for dominance in this lucrative space. With both companies vying for control of Metsera's promising pipeline, the outcome could have significant implications for the future of obesity treatment.
In a surprise move, Danish pharmaceutical giant Novo Nordisk has launched a $9 billion bid to acquire US-based obesity-focused biotech firm Metsera, throwing a wrench into an existing deal between Pfizer and Metsera that could have handed the latter a significant takeover windfall. The unexpected bid comes just weeks after Metsera agreed to a $7.3 billion acquisition by Pfizer.
Pfizer has responded sharply to Novo Nordisk's move, accusing the Danish company of making a "reckless" offer aimed at stifling competition in the weight loss market. Pfizer claims that its own deal with Metsera is superior and has warned that it will pursue all available legal avenues to enforce its rights under the agreement.
At the heart of the dispute are Metsera's promising pipeline of obesity treatments, including a new weight-loss pill and an amylin-based injection that could potentially bypass muscle loss associated with existing medications. Novo Nordisk believes that acquiring Metsera would help it expand its own portfolio of weight loss drugs and strengthen its market position.
The Danish company has offered $56.50 per share for Metsera, valuing the firm at around $6.5 billion, plus an additional $21.25 per share if Metsera meets specific clinical and regulatory targets. Pfizer's offer, meanwhile, stands at $47.50 per share with a further $22.50 bonus.
The escalating battle between Novo Nordisk and Pfizer highlights the increasingly cutthroat nature of the weight loss market, where pharmaceutical companies are fighting fiercely for dominance in this lucrative space. With both companies vying for control of Metsera's promising pipeline, the outcome could have significant implications for the future of obesity treatment.