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Arena Pharmaceuticals soars 97% as Pfizer to spend $6.7 billion to buy ulcerative colitis drug developer

Arena's stock surge comes after the price this year had dropped by 35%.

Carla Mozée   


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3 mins read

Pfizer agrees to buy Seagen for $43 billion

The agreement is an early sign that, despite the threat of close antitrust examinations and higher …

ANI   


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A biotech firm founded by Vivek Ramaswamy turned $15 million into $5 billion by flipping a bowel-disease treatment that Pfizer gave it for free

Pfizer will still benefit from the 25% stake it retained as well as full rights to the drug outside…

Filip De Mott   


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Seagen's stock surges almost 11% after a report that Pfizer is in talks to buy the cancer-focused biotech

Pfizer is in early talks to acquire cancer drugmaker Seagen in a potentially multibillion-dollar de…

Zinya Salfiti   


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Warren Buffett's Berkshire Hathaway announced more than $35 billion of investments last quarter

The famed investor's company spent nearly $18 billion on stocks and $9 billion on buybacks, and str…

Theron Mohamed   


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The many surprising uses of Pfizer's newest acquisition: Botox

One of the most common pharmaceutical products, Botox is currently known as an anti-wrinkle treatme…

Lydia Ramsey   


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4 biotechs that could be the next takeout targets after AbbVie's $63 billion acquisition of Allergan

There is, of course, no guarantee of future dealmaking, but this latest acquisition could foreshado…

Clarrie Feinstein,Emma Court   


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Array BioPharma spikes more than 50% after Pfizer shells out $11 billion for the cancer-drug developer

"The proposed acquisition of Array strengthens our innovative biopharmaceutical business, is expect…

Daniel Strauss   


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3 mins read

Pfizer just struck an $11 billion deal, and it marks an ambitious shift in the US drug giant's blockbuster cancer strategy

The deal, Pfizer's biggest since 2016, represents a big investment into finding treatments for two …

Emma Court   


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3 biotechs that investors should buy next after Pfizer's $11 billion deal for cancer drugmaker Array BioPharma

Across these deals, a common theme is that companies have been eyeing drugs with strong research da…

Clarrie Feinstein,Emma Court   


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3 mins read

Report: Pfizer and Allergan will terminate their proposed megamerger tomorrow

Treasury has taken action twice to make it harder for companies to invert. These actions took away …

Mark Abadi,Lydia Ramsey   


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6 mins read

Pharma giants like Novartis, Pfizer, and Sanofi are getting serious about a cutting edge therapy that changes human genes

Recent M&A transactions show that big pharma is betting big on gene therapy. In April, Novartis…

Lydia Ramsey   


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President Obama could 'gum up the works' for the giant Pfizer-Allergan deal

"In lieu of congressional action on some sort of international tax plan that would've made our tax …

Bob Bryan   


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A venture capital firm made about $470 million on a buzzy biotech's $8 billion acquisition, and has its eye on these promising areas next

"With targeted medicine, you know really quickly, and can stop the program right away" if the drug …

Emma Court   


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6 mins read

Pfizer Confirms It Wants To Do A Blockbuster Takeover Of AstraZeneca

As in its previous proposal, Pfizer is considering a possible transaction in which AstraZeneca shar…

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4 mins read

Pfizer is in the lurch after it just scrapped a $160 billion takeover - here's what might happen next

But now that that's been quashed, Pfizer could turn to a few other big companies both in the US and…

Lydia Ramsey   


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3 mins read

Why Pfizer's talking about breaking up on the same day it announced a $160 billion merger

If the deal makes its way past shareholders and regulators, and if it doesn't run into too much tro…

Lydia Ramsey   


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2 mins read

US stocks drop ahead of key Fed meeting that could reveal interest rate path

Chairman Jerome Powell could speed up the taper of the Fed's monthly bond purchases and reveal when…

Matthew Fox   


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1 min read

US stocks slip ahead of key Fed policy meeting

Fed Chairman Jerome Powell could speed up its monthly bond purchase tapering program as it seeks to…

Matthew Fox   


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Vaccine developer GreenLight is going public in a $1.5 billion SPAC deal

As some high-profile SPACs have imploded or fallen afoul of regulators, investors have increasingly…

Ethan Wu