Pfizer has matched Novo Nordisk's bid for the obesity biotech Metsera amid a fierce takeover battle, highlighting the competitive interest in the obesity treatment sector.
Pfizer has matched Novo Nordisk's bid for the obesity biotech Metsera amid a fierce takeover competition, highlighting the high stakes in the biotech industry.
A proposed Trump administration plan to allow Medicare and Medicaid to cover obesity drugs like Lilly's Zepbound and Novo's Wegovy could benefit these companies, but high list prices remain a significant barrier. The plan's details are unclear, and cost concerns persist, with estimates suggesting substantial increases in federal spending if coverage expands. The move could improve access for many obese patients but faces skepticism from investors due to potential cost implications.