Metsera bidding war over, with Pfizer the winner
The last week or so has seen an escalation of the bidding war for US obesity-focused Metsera (Nasdaq: MTSR,) with counter bids and law suits galore, but now that battle is over.
US pharma giant Pfizer (NYSE: PFE), which first announced a deal with Metsera in September, and was the issuer of law suits against Metsera, its directors and Novo Nordisk (NOV: N) – which announced an unsolicited bid for the latter - late Friday announced a restructured and higher offer.
Denmark’s Novo Nordisk on Saturday confirmed that it does not intend to make an increased offer - currently around $10 billion in total - to acquire Metsera.
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