Thinking about it, this certainly does appear to be a purchase based on self-interest. The company that manufactured a product, potentially creating long-term issues with blood disorders (ie clotting), now purchases the company that specializes in the treatment of blood disorders.
Am I the only one that sees this as sketchy?
Aug 8 (Reuters) – Pfizer Inc on Monday agreed to pay $5.4 billion in cash for Global Blood Therapeutics (GBT.O), as it looks to capitalize on a surge in revenue from its COVID-19 vaccine and treatment.
Pfizer will pay $68.50 per GBT share, which represents a 7.3% premium to its Friday closing price. The deal is at a more than 40% premium where GBT was trading before the Wall Street Journal reported that Pfizer was in advanced talks to buy it on Thursday.
Pfizer’s 2021 revenue of $81.3 billion was nearly double the mark from the previous year, due to COVID-19 vaccine sales. With the addition of its COVID-19 antiviral pill Paxlovid, Pfizer is expected to generate around $100 billion in revenue this year, but sales from both products are expected to decline going forward.
Pfizer has been on the lookout for acquisitions that could bring in billions in annual sales by the end of the decade. (read more)
Aamir Malik, Pfizer’s top dealmaker, said the company was focused on improving growth for the second half of the decade. “We think that there are opportunities across all therapeutic areas that we’re active in,” Malik said.
“Am I the only one that sees this as sketchy?”
That’s galaxies beyond sketchy, Hoss.
These people are psychopathic bloodthirsty child killers.
Immediately Bad Blood, Theranos/Holmes comes to mind. If you have never read the book, do so, because it is a good one.
Just sickening, really truly sickening. They will never stop.
none of you get what is going on, Sundance you are better than this.
Yes. This train departed Sketchy months ago has been parked outside Hit Upside the Head for a coon’s age. Anyone still sketching is doodling.
Pfizer is looking to PROFIT from the CLOT SHOT blood disorders.
Too many people are dying and it’s obvious to those that pay attention.
Kudoos to Sundance for pointing this out.
Geez! How wonderful for Pfizer.
They literally made a killing on the Covid vax & re-vaxes. & oral meds.
Doubt there’s been any DC insider trading, either.
I can hear the responses from the scum in Congress & White House now:
“I didn’t buy any, nor did my spouse”
But what your Aunt Edna??
Such a deal, & am sure there will be more given your 40 billion dollar windfall from forced Covid vaxes just in last year.
And no testing of scientific substance was required to accomplish this.
Just one big, bed full of happy population control Storm Troopers.
I read an article that they (Pfizer) & another pharma co. are also buying/setting up clinics for Cardiomyopathy or Cardio clinics.