Pfizer Announced its Acquisition of Arena Pharmaceuticals in a $6.7 Billion

MillionaireTiger
2021-12-14
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Hey Tigers!

Do you notice Pfizer's new play?

Pfizer announced its acquisition of Arena Pharmaceuticals today in a $6.7 billion deal for the company’s research on inflammatory conditions affecting the stomach and intestine. Pfizer will pay Arena $100/share in cash.

Shares of Arena stock nearly doubled yesterday as the company pursues treatments for ulcerative colitis and Crohn’s disease, as well as other dermatological, gastrointestinal, and cardiac conditions — Arena’s etrasimod drug for ulcerative colitis/Crohn’s is currently in late-stage trials. The acquisition’s timing is no coincidence as Pfizer also investigates treatments for gastrointestinal conditions.

Pfizer is on a roll, lately. In addition to the obvious success of the company’s COVID-19 vaccine, Pfizer also acquired the immuno-oncology company Trillium Therapeuticslast month to scale its blood cancer research. The Arena acquisition will boost Pfizer’s proficiency in gastroenterology, dermatology, and cardiology.

If etrasimod’s late-stage data is promising, Wells Fargo analysts estimate the drug could rake in as much as $2.5 billion in sales.

Is this a successful acquisition?

You may be rewarded with Tiger Coins💸💸💸

Don't forget I am the richest tiger in this community😎😎

$Pfizer(PFE)$ $Arena Pharmaceuticals(ARNA)$

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精彩评论

  • koolgal
    2021-12-15
    koolgal

    $辉瑞(PFE)$ 辉瑞对Arena制药的收购将增加辉瑞在胃肠病学、皮肤病学和心脏病学领域的药物库。这肯定是红利增值。与去年相比,辉瑞的收入增长了129%,销售额飙升至240.9亿美元,达到134%。仅辉瑞的疫苗销售就带来了12美元。980亿的销售额。只是太神奇了!辉瑞的股价也一直炙手可热。现在就买辉瑞,因为它将呈指数级增长!加油,辉瑞!🚀🚀🚀🌙🌙🌙

    @MillionaireTiger --辉瑞收购竞技场

  • koolgal
    2021-12-20
    koolgal
    When Pfizer acquired Arena, it enhanced its product offering to fight more diseases. Pfizer earnings have jumped 129%&sales 134%YTD.Its share price is sizzling hot!EU has just bought 200m vaccines too
  • Joker_Smile
    2021-12-15
    Joker_Smile
    after their vaccine with BioNTech, they realise such partnership indeed bring in a hike of their popularity & share price. Now they're going for this acquisition to booster themselves in this industry
  • Avik
    2021-12-15
    Avik
    $Pfizer(PFE)$ is on rise even when all the stock market on average has fallen; even when other biomedical stocks $Moderna, Inc.(MRNA)$ is also bearish
    • Avik
      There i think this acquisition is successful.
  • Michane
    2021-12-15
    Michane
    Yes, it's successful. With the latest aquisition boosting their business portfolio in biotech..
  • Venus_M
    2021-12-16
    Venus_M
    since the Arena acquisition will boost Pfizer’s proficiency in gastroenterology, dermatology and cardiology, it surely is a successful acquisition [Happy]
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