Morningstar

Pfizer to Buy Weight-Loss Drug Developer Metsera for Up to $7.3 Billion

Provided by Dow Jones Sep 22, 2025, 11:09:00 AM

By Colin Kellaher

Pfizer has agreed to pay up to $7.3 billion for weight-loss drug developer Metsera in a deal that gets the New York drugmaker back into the burgeoning market for obesity drugs.

Pfizer on Monday said it will pay an initial $47.50 a share in cash for Metsera, a nearly 43% premium to Friday's closing price of $33.32 for the New York company.

The deal, slated to close by the end of the year, includes up to an additional $22.50 a share tied to milestones that could bring the total consideration to $70 a share, more than double Friday's closing price.

Shares of Metsera were recently up 49% at $49.78 in premarket trading.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

September 22, 2025 07:09 ET (11:09 GMT)

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