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Pfizer in talks to acquire Seagen for likely for more than USD 30 bilion - WSJ
US: Pfizer Inc is in early talks to acquire drugmaker Seagen Inc, the Wall Street Journal reported late on Sunday, citing people familiar with the matter.
Seagen has a market value of some $30 billion and would be expected to command a premium over that, the report said, adding that the deal talks are in preliminary stages.
Read also: USFDA grants priority review to Pfizer Elranatamab for relapsed or refractory multiple myeloma
Pfizer declined to comment on the report, while Seagen did not immediately respond to Reuters request for a comment.
Seagen was in advanced talks last year to be acquired by Merck, in a deal that would have been worth $40 billion or more, the Journal reported at the time, but the two sides failed to reach agreement.
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751