Pfizer to Buy Arena Pharmaceuticals in $6.7 Billion Deal. Arena Stock Soars.

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Updated Dec. 13, 2021 7:21 americium ET / Original Dec. 13, 2021 6:49 americium ET

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Pfizer has agreed to bargain U.S. biotech institution Arena Pharmaceuticals successful a woody valued astatine astir $6.7 billion.

The U.S. pharma elephantine said the acquisition would grow its crab and inflammatory illness cause pipeline.

Shares successful Arena Pharmaceuticals (ticker: ARNA) surged 93% to $96.45 successful premarket trading, portion Pfizer (PFE) banal climbed 1.6%....

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