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flag Pfizer completed its $10B acquisition of Metsera on Nov. 13, 2025, to boost its obesity drug pipeline.

flag Pfizer has completed its acquisition of Metsera, a U.S. biotech firm developing obesity treatments, in a deal worth up to $10 billion. flag The purchase, finalized on November 13, 2025, includes $65.60 per share in cash and up to $20.65 in performance-based payments tied to drug development milestones. flag The move follows a competitive bidding war with Novo Nordisk and strengthens Pfizer’s position in the growing weight-loss drug market. flag Metsera’s lead candidate, MET-097i, showed promising results in trials, with participants losing up to 14.1% of body weight, and is expected to enter late-stage testing. flag Pfizer aims to leverage its global infrastructure to advance the drug, targeting a 2028–2029 launch. flag The acquisition supports Pfizer’s strategy to diversify beyond declining revenue from drugs like Eliquis and Ibrance.

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