Pfizer Buys Arena For $6.7bn In Bid To Diversify In Inflammation & Immunology

S1P Asset Will Add To JAK-Heavy Pipeline

 
• By Jessica Merrill
  
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The deal is a nod for Arena's turnaround strategy and could be the start of an active deal-making period for Pfizer, flush with cash.

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Pfizer is ready to spend on deals • Source: Alamy

Pfizer Inc. is buying Arena Pharmaceuticals, Inc. in a $6.7bn deal that will expand the company's inflammation & immunology pipeline with a new late-stage asset and which could foreshadow more M&A to come for the cash-rich big pharma. For Arena, the deal is the culmination of a five-year turnaround effort, rebuilding after the failed commercial effort with the obesity drug Belviq (lorcaserin).

Pfizer and Arena announced the acquisition on 13 December, with Pfizer agreeing to pay $100 per share in cash for...

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