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Pfizer sues to stop rival bid for drugmaker Metsera by Denmark’s Novo Nordisk - National | Globalnews.ca

https://globalnews.ca/news/11505468/pfizer-sues-to-stop-rival-bid-for-drugmaker-metsera-by-denmarks-novo-nordisk/

Pfizer is suing over some unsolicited competition in its nearly $5 billion bid to buy the drugmaker Metsera.

New York-based Pfizer said Friday after markets closed that it was suing Metsera and a third drugmaker, Denmark’s Novo Nordisk, over a bid for Metsera that Novo announced Thursday.

Novo said it planned to buy Metsera in a deal that could be worth up to $9 billion, and Metsera said the offer appeared to be superior to Pfizer’s bid, which was announced in September.