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Pfizer May Leverage Trump Ties in $8.5B Biotech Bidding War Against Novo Nordisk

Pfizer May Leverage Trump Ties in $8.5B Biotech Bidding War Against Novo Nordisk

Author:

Global Cryptocurrency

Published:

2025-11-01 00:16:03

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BTCCSquare news:

Pfizer Inc. is reportedly considering political connections to counter Novo Nordisk's surprise $8.5 billion bid for obesity-treatment developer Metsera. The pharmaceutical giant had previously agreed to acquire Metsera for $4.9 billion upfront, with potential milestone payments bringing the total to $7.3 billion.

The bidding war sent Pfizer shares up 1% while Novo Nordisk declined 2%. Market observers note the outcome could reshape the competitive landscape for weight-loss therapies, though no immediate cryptocurrency market correlation appears evident.

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