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Posted On: 12/13/2021 7:47:50 AM
Post# of 148902
Pfizer Buys Pharma Rival Arena In All-Cash Deal Worth $6.7 Billion
There is some movement in M&A.
They bought the wrong company in my opinion ...
There is some movement in M&A.
Quote:
"The proposed acquisition of Arena complements our capabilities and expertise in Inflammation and Immunology, a Pfizer innovation engine developing potential therapies for patients with debilitating immuno-inflammatory diseases with a need for more effective treatment options," said Pfizer's Mike Gladstone. "Utilizing Pfizer's leading research and global development capabilities, we plan to accelerate the clinical development of etrasimod for patients with immuno-inflammatory diseases."
They bought the wrong company in my opinion ...
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