Pfizer (PFE) announced the proposed acquisition of Metsera (MTSR) for $47.50 per share in cash at closing and a $22.50 CVR, BTIG tells investors in a research note. The firm views this deal, which follows Roche’s (RHHBY) acquisition of 89bio (ETNB) as providing a positive readthrough to Viking (VKTX). BTIG, which reiterates a Buy rating and $125 price target, sees the deal sharpening Viking’s clinical updates and strategic optionality, bolstering sentiment ahead of key clinical readouts.
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