异动解读 | 辉瑞收购减肥药新贵Metsera,股价盘前大跌5%

异动解读
Nov 14, 2025

周五盘前,制药巨头辉瑞(Pfizer)股价大跌5%,引发市场关注。这一跌幅或与公司近期宣布的一项重大收购有关。

据报道,辉瑞以近100亿美元的高价成功收购了成立仅三年的减肥药新贵公司Metsera。这家源自帝国理工学院研究团队的公司,凭借其在肥胖及相关代谢疾病治疗药物领域的创新技术,迅速成为市场焦点。对辉瑞而言,这次收购是一次战略性的补位,旨在快速进入快速增长的减重药市场。

然而,如此高昂的收购价格似乎引发了投资者的担忧。特别是考虑到辉瑞自身在减重药研发方面屡屡受挫,其管线内的GLP-1减重药Danuglipron因安全隐患已终止研发。市场可能质疑辉瑞是否overpaid,以及能否有效整合Metsera的技术并实现预期收益。这些因素可能是导致辉瑞股价在盘前大幅下跌的主要原因。

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