Pfizer Agrees to $5.4 Billion Deal for Global Blood Therapeutics

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Pfizer Agrees to $5.4 Billion Deal for Global Blood Therapeutics
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Pfizer has reached a $5.4 billion deal to buy Global Blood Therapeutics, which makes a drug for sickle-cell disease

New York drugmaker to pay $68.50 a share for GBT, which sells a drug for sickle-cell disease and has two more in development

Pfizer has said it wants to add $25 billion in revenue from business-development moves like mergers and acquisitions by 2030.Updated Aug. 8, 2022 11:17 am ET Pfizer Inc. has agreed to buy Global Blood Therapeutics Inc. for $5.4 billion, in a deal that would give the big drugmaker a foothold in the treatment of sickle-cell disease.

Pfizer said Monday it would pay $68.50 a share in cash for Global Blood Therapeutics, which has one of the few approved treatments for sickle-cell disease. The Wall Street Journal reported Friday that the

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