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International Business Times
International Business Times
Business

Pfizer, Novo Nordisk Locked in High-Stakes Fight Over Obesity Drug Innovator Metsera

Pfizer Metsera Novo Novo Nordisk Obesity
The Pfizer building is seen January 22, 2007 in New York City. In an effort to galvanize earnings, the drug company has announced that they will lay off 10,000 workers and close several manufacturing and research sites.

Pfizer and Novo Nordisk are locked in a high-stakes battle to acquire US obesity drug developer Metsera, sending shockwaves through the pharmaceutical industry.

The two giants have submitted competing bids, with Metsera calling Novo's $10 billion offer "superior."

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