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Bangkok Post
Bangkok Post
Business

Pfizer buys biotech firm Seagen for $43 billion

Pfizer Seagen Cancer Albert Bourla Washington D.C. Merck United States
Pfizer and Seagen expect to complete their transaction in late 2023 or early next year

WASHINGTON - US pharmaceutical giant Pfizer announced Monday that it had reached a deal to buy biotech firm Seagen, specializing in innovative cancer treatment, for $43 billion.

Pfizer is offering $229 per share in cash, and the companies expect to complete the transaction later this year or in early 2024, they said in a statement.

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