In this article

MTSR

PFE

NOVO.B-DK

Follow your favorite stocks CREATE FREE ACCOUNT

Pfizer said on Friday it had filed a lawsuit against Metsera and Novo Nordisk saying Metsera breached its merger agreement obligations in declaring the Danish drugmaker's $8.5 billion bid for the U.S. obesity drug developer to be a superior offer.

Pfizer asked the Delaware court where it filed the lawsuit to issue a temporary restraining order to block Metsera from terminating the agreement. The lawsuit was not immediately available in the court's electronic filing system.

Metsera has given Pfizer until Tuesday to raise its offer.

Pfizer said its suit says that Novo's bid is an illegal attempt by a dominant company in the market to bypass antitrust scrutiny and carrie

See Full Page