Pfizer Ups the Ante: Matches Metsera Bid

Pfizer has submitted an enhanced bid to acquire Metsera, aligning their offer with Novo's valuation of $86.20 per share. This strategic move signals Pfizer's determination to strengthen its market position by pursuing the acquisition.

Pfizer, the pharmaceutical giant, has enhanced its offer to acquire Metsera in a tactical move to align with Novo's existing bid. The revised bid values Metsera at $86.20 per share, according to the Financial Times.

This development underscores Pfizer's aggressive approach to consolidating its position within the industry, as companies vie for strategic acquisitions.

Analysts are closely monitoring the situation to see how it will unfold and impact the pharmaceutical sector.

(With inputs from agencies.)