NDTV News

NDTV.com provides latest news from India and the world. Get today’s news headlines from Business, Technology, Bollywood, Cricket, videos, photos, live news coverage and exclusive breaking news from India.

https://www.ndtv.com/

Pfizer In Talks To Buy Drugmaker For $5 Billion: Report.

Pfizer In Talks To Buy Drugmaker For $5 Billion: Report

Pfizer is one of the top makers of Covid-19 vaccines.(File)

New York:

American drugmaker Pfizer is close to a deal to purchase Global Blood Therapeutics, which manufactures a recently approved drug against sickle-cell anemia, for $5 billion, the Wall Street Journal has reported.

Pfizer, one of the top makers of Covid-19 vaccines, hopes to conclude talks with GBT within days, the newspaper said Friday, citing people close to the negotiations.

But it said other takeover candidates remain in the running.

GBT's sickle-cell treatment, marketed as Oxbryta, was authorized for those over 12 years old in 2019 but gained federal approval in December for children aged four to 11. The blood disorder affects millions.

Sales of Oxbryta helped the laboratory generate first-quarter turnover of $55 million (up 41 percent), while the company registered a net loss of $81.4 million.

GBT, which is based in San Francisco, California, is to publish its second-quarter numbers on Monday.

Pfizer, for its part, saw its second-quarter turnover jump by 47 percent -- to a record $27.74 billion -- boosted by sales of its Covid vaccine and pills.

Its net profit soared by 78 percent, to $9.9 billion.

GBT shares on the New York Stock Exchange were up 33.03 percent at the close on Friday, at $63.84, for a market capitalization of more than $4 billion.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Для цьогорічних тенденцій ми зібрали деякі з класичних, а також майбутніх функцій, які, на нашу думку, стануть найбільшими тенденціями UX у 2022 році.
Останні новини
Maria Bartiromo: These three things have been a nightmare for our economy.

Maria Bartiromo: These three things have been a nightmare for our economy.

FOX Business host Maria Bartiromo joins 'Sunday Night in America' to weigh in on President Biden's handling of the U.S. economy and the impact the rate of inflation is having on consumers. #foxnews #fox Subscribe to Fox News! Watch more Fox News V...

Nightly News Full Broadcast - Aug. 14

Nightly News Full Broadcast - Aug. 14

Volatile fallout after angry reactions to court-approved search warrant for Trump’s Florida estate, 29-year-old Delaware resident kills himself after plowing car in Capitol barricades, Author Salman Rushdie taken off ventilator after showing signs...

Steve Hilton: Americans must believe we have equal justice under law.

Steve Hilton: Americans must believe we have equal justice under law.

Fox News host Steve Hilton claimed U.S. Attorney General Merrick Garland pandered to the 'cries for revenge' through the FBI's raid of Mar-a-Lago on 'The Next Revolution.' #foxnews #fox Subscribe to Fox News! Watch more Fox News Video: Watch Fox N...

1 70

Egyptians Mourn 41 Killed in Cairo Coptic Church Fire.

Egyptians Mourn 41 Killed in Cairo Coptic Church Fire.

Funerals are held in Cairo for 41 victims of a fire that ripped through a Coptic Christian church during Sunday mass, August 14, 2022. People shouted and screamed as the fire raged on the top floors of the Martyr Abu Sefein Church. Witnesses say i...

Guards at India-Pakistan Border Perform Independence Day Ceremony.

Guards at India-Pakistan Border Perform Independence Day Ceremony.

Pakistan and India border guards take part in a daily ceremony at the Wagah border post as Pakistan celebrates the 75th anniversary of its independence, August 14, 2022. Crowds go wild and soldiers goose-step in a chest-puffing theatrical ritual s...

Tons of Dead Fish are Removed From Oder River in Germany.

Tons of Dead Fish are Removed From Oder River in Germany.

Tons of dead fish are removed from Oder River in Germany, August 13, 2022. Comprehensive toxicology studies are still underway since 10 tons of dead fish have been removed from the river. Hundreds of volunteers were working to help collect dead fi...