The pharmaceutical giant Pfizer has struck a $43bn deal for biotech company Seagen to add innovative targeted therapies to its portfolio of cancer treatments.Monday’s deal is Pfizer’s biggest in a string of acquisitions after a cash windfall from its COVID-19 vaccine and pill. The acquisition will add four approved cancer therapies with combined sales of nearly $2bn in 2022.Pfizer said Monday that it will pay $229 in cash for each share of Seagen. It then plans to let the biotech drug developer “continue innovating” except with more resources than it would have alone, Pfizer Chairman and CEO Albert Bourla told analysts.
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