free counter
Health And Medical

Pfizer in talks on $5 billion acquisition: media

A man walks past the Pfizer logo on the drug maker's headquarters in New York
A guy walks at night Pfizer logo on the drug maker’s headquarters in NY.

American drugmaker Pfizer is near a deal to get Global Blood Therapeutics, which manufactures a recently approved drug against sickle-cell anemia, for $5 billion, the Wall Street Journal has reported.

Pfizer, among the top makers of COVID-19 vaccines, hopes to summarize talks with GBT within days, the newspaper said Friday, citing people near to the negotiations.

Nonetheless it said other takeover candidates stay in the running.

GBT’s sickle-cell treatment, marketed as Oxbryta, was authorized for all those over 12 yrs . old in 2019 but gained federal approval in December for children aged four to 11. The affects millions.

Sales of Oxbryta helped the laboratory generate first-quarter turnover of $55 million (up 41 percent), as the company registered a net lack of $81.4 million.

GBT, that is based in SAN FRANCISCO BAY AREA, California, would be to publish its second-quarter numbers on Monday.

Pfizer, because of its part, saw its second-quarter turnover jump by 47 percentto an archive $27.74 billionboosted by sales of its COVID vaccine and pills.

Its net profit soared by 78 percent, to $9.9 billion.

GBT shares on the brand new York STOCK MARKET were up 33.03 percent at the close on Friday, at $63.84, for a greater than $4 billion.

Pfizer shares slipped by 1.18 percent, to $49.27.



2022 AFP

Citation: Pfizer in talks on $5 billion acquisition: media (2022, August 7) retrieved 8 August 2022 from https://medicalxpress.com/news/2022-08-pfizer-billion-acquisition-media.html

This document is at the mercy of copyright. Aside from any fair dealing for the intended purpose of private study or research, no part could be reproduced minus the written permission. This content is provided for information purposes only.

Read More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker