Metsera Shares Leap Premarket on Report of Takeover by Pfizer
By Colin Kellaher
Shares of Metsera surged in premarket trading following a published report that the weight-loss drug developer is nearing a deal to be acquired by Pfizer for up to $7.3 billion.
The Financial Times reports that Pfizer is closing in on an agreement to buy Metsera for an initial $47.50 a share in cash, a nearly 43% premium to Friday's closing price of $33.32 for the New York company.
The deal, which could be announced as early as Monday, includes up to an additional $22.50 share tied to milestones that could bring the total consideration to $70 a share, according to the report.
Shares of Metsera, which went public in January at $18, were recently up 50% to $50.03, while shares of New York drugmaker Pfizer were up 2.1% to $24.53.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 22, 2025 06:13 ET (10:13 GMT)
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