Danish company vies with Pfizer for control of US biotech as they seek edge in growing market for weight-loss drugs

Novo and Metsera deny Pfizer’s arguments

Improved pitches from both large pharma groups expected to be revealed later on Tuesday

The clash reflects the shifting landscape for weight loss and diabetes drugs, with Novo Nordisk trailing Eli Lilly as companies like Pfizer race to break in.

Two groups fight for edge in one of the most lucrative drug classes in pharmaceutical industry history

Danish drugmaker expects sales and profit growth at lower end of its guidance this year

Fight for Metsera looks like 1980s corporate raider redux

Federal Trade Commission wants to ensure bid for weight-loss biotech addresses competition concerns

Danish company vies with Pfizer for control of US biotech as they seek edge in growing market for weight-loss drugs

White House’s landmark deal with Novo Nordisk and Eli Lilly will cut costs from at least $1,000 to about $350

Biotech says it opted for revised offer from US pharma company after rival Novo bid raised antitrust concerns