Pfizer to Buy Arena Pharmaceuticals in $6.7 Billion Deal, Guess What Products They Develop

That’s right, Pfizer is about buy Arena Pharmaceuticals for $6.7 billion, now guess what products they work on and develop America?

That’s right, they work on potential therapies for immune-inflammatory diseases. You know, since Covid causes Myocarditis in male adolescents and young adults 16 years and older, we wonder why they’re buying this company. Yes, we’re being sarcastic.

The drug giant will pay $100 a share in an all-cash transaction for San Diego-based Arena and its assets to gastroenterology, dermatology, and CARDIOLOGY, Bingo, right?

That’s about double Arena’s Friday closing price.

Analysts cautioned that the deal is likely to come under close regulatory scrutiny. Arena shares rose as much as 88% — still short of the deal price — as of 11:01 a.m. in New York, while Pfizer’s gained as much as 5.2%.

Pfizer, which partnered with BioNTech SE on the widely used Comirnaty Covid-19 vaccine, said the deal complements its capabilities in inflammation and immunology and will contribute to growth through 2025 and beyond. Pfizer plans to speed up clinical development of etrasimod, Arena’s lead drug candidate, said Mike Gladstone, global president and general manager of the drugmaker’s inflammation and immunology business. 

We’re sure Pfizer is really excited about the Cardiology principles they’ll get from this merger, since it compliments the side effects of the Covid-19 vaccine.

5 2 votes
Article Rating

Leave a Reply

Inline Feedbacks
View all comments
1 year ago

After leaving my previous job 12 months ago, i’ve had some good luck to learn about this website which was a life-saver for me… They offer jobs for which people can work online from their house. My latest paycheck after working for them for 4 months was for $4500… Amazing thing about is that the only thing required is simple typing skills and access to internet…Read all about it here… Visit Here

1 year ago

Why are you wasting your time depending on your monthly salary when you can work staying at home just with your PC and mobile phone you can earn up to $4000 within 3 days

Feel free to learn more…..
Visit Here