Business
Pfizer strikes $43bn deal for cancer drug innovator Seagen
The pharmaceutical giant Pfizer has struck a $43bn deal for biotech company Seagen to add innovative targeted therapies to its portfolio of cancer treatments.
Monday’s deal is Pfizer’s biggest in a string of acquisitions after a cash windfall from its COVID-19 vaccine and pill. The acquisition will add four approved cancer therapies with combined sales of nearly $2bn in 2022.