https://www.canadianyouthdelegate.org/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.growurpotential.org/profile/situs-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.segurancagrupodiretiva.com.br/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.coolblueadventures.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.theislandtheater.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.epiceriedechandolin.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.clubhousemedspa.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.canadianyouthdelegate.org/profile/slot-bonus-new-member-100-paling-mudah/profile https://www.growurpotential.org/profile/slot-bonus-new-member-100-mudah-menang/profile https://www.segurancagrupodiretiva.com.br/profile/slot-bonus-new-member-100-paling-mudah/profile https://www.coolblueadventures.com/profile/slot-bonus-new-member-100-paling-mudah/profile https://www.theislandtheater.com/profile/slot-bonus-new-member-100-paling-mudah/profile https://www.epiceriedechandolin.com/profile/slot-bonus-new-member-100-mudah-menang/profile https://www.clubhousemedspa.com/profile/slot-bonus-new-member-100-mudah-menang/profile https://www.canadianyouthdelegate.org/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.growurpotential.org/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.segurancagrupodiretiva.com.br/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.coolblueadventures.com/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.theislandtheater.com/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.epiceriedechandolin.com/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.clubhousemedspa.com/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.northernfishingschool.com/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.fivgrillpro.com/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.aesthetics.school/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.tombigbeefiber.com/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://zh.mindsbeyondmeasure.org/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.makedo.fr/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.marketplacepharmacylr.com/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.northernfishingschool.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.fivgrillpro.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.aesthetics.school/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.tombigbeefiber.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://zh.mindsbeyondmeasure.org/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.makedo.fr/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.marketplacepharmacylr.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.visitcomboyne.com/profile/agen-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.visitcomboyne.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no-1-gacor/profile https://www.segurancagrupodiretiva.com.br/profile/kumpulan-10-situs-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.segurancagrupodiretiva.com.br/profile/10-situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.mammothfilmfestival.org/profile/slot-gacor-bonus-new-member/profile https://www.sabahoilandgas.com.my/profile/slot-gacor-gampang-menang-hari-ini-2022/profile https://bocoran-slot-gacor-hari-ini.hp.peraichi.com/ https://situs-judi-slot-new-member-terbaik.hp.peraichi.com/ https://judi-slot-online-bet-rendah.hp.peraichi.com/ https://bocoran-pola-jam-hoki-slot-gacor-hari-ini.hp.peraichi.com/ https://bocoran-link-slot-gacor-gampang-menang.hp.peraichi.com/ https://judi-slot-bonus-new-member.hp.peraichi.com/ https://slot-bonus-new-member-100-terbaru.hp.peraichi.com/ https://slot-bonus-new-member-100-terbaru-di-awal.hp.peraichi.com/ https://daftar-19-situs-slot-gacor-gampang-menang.hp.peraichi.com/ https://kumpulan-19-situs-slot-gacor-gampang-menang.hp.peraichi.com/ https://pola-jam-hoki-slot-gacor-hari-ini.hp.peraichi.com/ https://pola-jam-hoki-main-slot-gacor.hp.peraichi.com/ https://www.theliverpoolpub.com/profile/situs-slot-gacor-gampang-menang/profile https://www.theliverpoolpub.com/profile/kumpulan-situs-slot-gacor-hari-ini/profile https://www.theliverpoolpub.com/profile/situs-judi-slot-online-terbaik-dan-terpercaya-no-1/profile https://www.theliverpoolpub.com/profile/10-situs-judi-slot-terbaik-dan-terpercaya-no-1/profile https://d3per.uwhs.ac.id/question/situs-judi-slot-terbaik-dan-terpercaya-no-1-daftar-10-situs-judi-slot-online-terbaik-dan-terpercaya-no-1-2022-slot-gacor-gampang-menang-situs-slot-gacor-2/ https://d3per.uwhs.ac.id/question/daftar-10-situs-judi-slot-terbaik-dan-terpercaya-no-1-kumpulan-situs-judi-slot-online-terpercaya-judi-slot-online-deposit-pulsa-gampang-menang-slot-gacor/ https://www.smht.org.uk/profile/bocoran-pola-slot-gacor-hari-ini/profile https://new.c.mi.com/ph/post/63832 https://new.c.mi.com/ph/post/63917 https://new.c.mi.com/ph/post/64418 https://new.c.mi.com/ph/post/64439 https://new.c.mi.com/ph/post/64690 https://new.c.mi.com/ph/post/65761 https://new.c.mi.com/ph/post/64589 https://new.c.mi.com/ph/post/63843 https://data.bontangkota.go.id/uploads/user/2022-09-29-183800.098024situs-slot-gacor-gampang-menang.html https://data.bontangkota.go.id/uploads/user/2022-09-29-185938.287840situs-slot-gacor-hari-ini.html
Business

Flush with cash, Pfizer buys Global Blood Therapeutics for $5.4 billion




Aug 8 (Reuters) – Pfizer Inc agreed on Monday to pay $5.4 billion in cash for sickle cell drugmaker Global Blood Therapeutics ( GBT.O ) as it looks to capitalize on a surge in revenue from its COVID- 19 vaccine and treatment.

Pfizer will pay $68.50 per GBT share, representing a 7.3% premium to Friday̵[ads1]7;s close and a nearly 43% premium over Thursday’s close after Bloomberg reported that GBT had attracted takeover interest. The Wall Street Journal reported Friday that Pfizer was in advanced talks to buy it.

Pfizer’s 2021 revenue of $81.3 billion was almost double from the previous year, due to the sale of the vaccine against covid-19. With the addition of its COVID-19 antiviral pill Paxlovid, Pfizer is expected to generate about $100 billion in revenue this year, but sales from both products are expected to decline going forward.

Register now for FREE unlimited access to Reuters.com

Pfizer has been on the lookout for acquisitions that could bring in billions in annual revenue by the end of the decade.

“We have very deliberately taken a strategy of diversification in our M&A deals,” Aamir Malik, Pfizer’s top dealmaker, said in an interview. He said the company was focused on improving growth in the second half of the decade, rather than big deals that generate value through cost-cutting.

“We believe that there are opportunities across all therapeutic areas that we are active in,” Malik said, noting that the company was agnostic about the size of future deals.

The Pfizer logo and stock graph are seen in this illustration taken on May 1, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

In May, Pfizer struck an $11.6 billion deal for migraine drug maker Biohaven Pharmaceutical Holding ( BHVN.N ) and recently also completed a $6.7 billion deal to buy Arena Pharmaceuticals.

With the acquisition of Global Blood Therapeutics, Pfizer is adding sickle cell treatment Oxbryta, which was approved in 2019 and is expected to top $260 million in sales this year. It will also pick up two pipeline assets – GBT601 and inclacumab – targeting the same disease.

Pfizer said that if they are all approved, it believes GBT’s drugs could generate more than $3 billion in annual sales at peak.

Sickle cell disease is an inherited blood disorder that affects an estimated 70,000 to 100,000 people in the United States.

GBT CEO Ted Love said Pfizer’s resources and multinational infrastructure will allow the company to launch Oxbryta in more markets and increase uptake.

“We don’t really have any infrastructure outside of that (US and Western Europe) and it takes time and money to build out those infrastructures and Pfizer already has everything,” Love said.

Shares in Global Blood rose 4.5% following the deal announcement. Pfizer shares closed marginally higher at $49.41 apiece on Monday.

Register now for FREE unlimited access to Reuters.com

Reporting by Mrinalika Roy in Bengaluru; Editing by Shinjini Ganguli, David Evans and Lincoln Feast.

Our standards: Thomson Reuters Trust Principles.



Source link

Back to top button