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Benzinga
Benzinga
Business
Evette Mitkov

Novo Nordisk Rises Despite Metsera Loss, Slashes Wegovy Price In India

Novo Nordisk Metsera Novo India NVO
Novo Nordisk

Novo Nordisk A/S (NYSE:NVO) shares are trading higher on Tuesday. The company recently lost its bidding war for Metsera Inc (NASDAQ:MTSR).

What Happened: According to Reuters, Pfizer Inc (NYSE:PFE) won the bidding war against Novo Nordisk and will purchase Metsera for $10 billion. The board of Metsera accepted Pfizer’s offer, stating that Novo’s bid carried too much legal and regulatory risks following antitrust concerns raised by the Federal Trade Commission.

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