Pfizer CEO says it will be able to deliver Seagen’s cancer therapy at a scale not seen before with $43 billion deal

Posted by & filed under Part 1 Business in a Global Environment, Part 2 Starting and Growing Your Business, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: Pfizer CEO Albert Bourla on Monday said the pharmaceutical giant will be able to deliver Seagen’s cancer therapy to the world “at a scale that has not been seen before” with its $43 billion acquisition.

Source: CNBC.com – video reports

Date: Mar 13, 2023

Link: https://www.cnbc.com/2023/03/13/pfizer-will-bring-seagens-cancer-drugs-to-the-world-at-a-scale-not-seen-before-ceo-says.html

Questions for discussion:

  • Explain the logic of this acquisition for both firms.
  • Is it a good financial deal for both firms?
  • How will this deal likely affect industry-development of the technology involved?

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