Get latest articles and stories on Business at LatestLY. The agreement is an early sign that, despite the threat of close antitrust examinations and higher interest rates, big pharmaceutical companies are poised for heavy deal-making this year, WSJ said. Business News | Pfizer Agrees to Buy Seagen for USD 43 Bn.
Pfizer Inc PFE.N struck a $43 billion deal for Seagen Inc SGEN.O to add innovative targeted therapies to its portfolio of cancer treatments as it braces for a steep fall in COVID-19 product sales and stiff competition for some top sellers. Monday's deal, Pfizer's biggest in a string of acquisitions following a once-in-a-lifetime cash windfall…
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