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Pfizer acquires Arena for US$6.7 billion

 Last Update: 2021-12-28
 Source: Internet
 Author: User

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On December 13, Pfizer announced that it had reached a definitive agreement with Arena to acquire all of the latter’s outstanding shares in cash at a price of US$100 per share, with a total transaction value of approximately US$6.
7 billion
.

The board of directors of both companies unanimously agreed on this transaction

Arena's pipeline products are mainly concentrated in the fields of gastrointestinal diseases, skin diseases and heart diseases
.

Including an oral selective sphingosine 1-phosphate (S1P) receptor modulator etrasimod, which has been developed to treat a series of immune inflammatory diseases including gastrointestinal and skin diseases

Etrasimod is currently conducting two phase III studies for ulcerative enteritis, one phase II/III study for Crohn's disease, one phase III study for atopic dermatitis, and phase II studies for eosinophilic esophagitis and alopecia areata
.

On December 5, 2017, Genting Shining won the exclusive development and commercialization rights of etrasimod and ralinepag in Greater China from Arena, with a down payment of 12 million U.

Arena’s research pipeline also includes two phase II cardiovascular drugs, temanogrel and APD418
.

Temanogrel was developed to treat microvascular obstruction secondary to systemic sclerosis and Raynaud's syndrome, and APD418 was developed to treat acute heart failure

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