Pfizer sues Metsera, Novo Nordisk
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The U.S. drugmaker submitted its sweetened bid, which matches Novo’s offer from Tuesday, valuing Metsera at $86.20 a share, ahead of a deadline on Wednesday, keeping it in the race for the anti-obesity biotech, the Financial Times reported.
COPENHAGEN (Reuters) -Wegovy-maker Novo Nordisk trimmed its full-year profit and sales forecasts on Wednesday as sales growth slows, but investors cheered a better-than-expected Medicare pricing deal that helped lift the shares after an initial slide.
A Delaware judge denied Pfizer's attempt to halt Metsera from accepting Novo Nordisk's $10 billion offer. Although Novo faces antitrust challenges, both companies are fiercely bidding for Metsera in a battle for dominance over a potentially lucrative obesity drug market.