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Pfizer Files Lawsuit Against Novo: Alleges Competitor Engaged in Antitrust Scheme to Dominate Obesity Market

Pfizer Files Lawsuit Against Novo: Alleges Competitor Engaged in Antitrust Scheme to Dominate Obesity Market

Bitget-RWA2025/11/04 13:12
By:Bitget-RWA

- Pfizer sues Novo Nordisk and Metsera in Delaware courts, alleging anticompetitive tactics to block its $7.2B obesity drug acquisition. - Novo's $8.5B superior bid for Metsera's GLP-1 pipeline—valued at $5B peak sales—triggers legal claims over regulatory bypass and contract violations. - Pfizer leverages early FTC approval for its deal, seeking court orders to force a November 13 shareholder vote amid patent expiration threats. - The dispute highlights $150B obesity market stakes, with Novo defending its

Pfizer Inc. (PFE) has intensified its legal efforts to maintain its stake in the obesity-focused biotech company

, initiating two lawsuits in Delaware against both the startup and Danish pharmaceutical giant . Pfizer contends that Novo’s $8.5 billion proposal is an anti-competitive tactic, asserting that its own $7.2 billion agreement—which has already received early antitrust approval from the Federal Trade Commission—is enforceable and set to close by November 13, as reported by .

The dispute revolves around Metsera’s pipeline of experimental GLP-1 treatments, which feature a once-monthly injectable that has demonstrated an average 14% weight reduction in clinical trials, as well as a chemically stabilized oral version. Analysts estimate these products could achieve peak annual sales of $5 billion, according to

. , a leader in the obesity drug market with Wegovy and Ozempic, surpassed Pfizer’s offer by $1.3 billion, leading Metsera’s board to label Novo’s bid as “superior.” Pfizer argues this move breaches their merger contract and regulatory risk provisions, and claims Novo’s intricate proposal—which includes non-voting shares and a special dividend—was structured to sidestep antitrust review, according to .

Pfizer Files Lawsuit Against Novo: Alleges Competitor Engaged in Antitrust Scheme to Dominate Obesity Market image 0

Pfizer’s legal argument is based on its regulatory advantage: the FTC ended its Hart-Scott-Rodino review early on October 31, ahead of the November 7 deadline, as noted by

. Pfizer further alleges that Novo’s offer is an “unlawful effort by a market leader to stifle competition,” a charge Novo has called “baseless,” according to CNBC. The lawsuits aim to secure temporary restraining orders to prevent Metsera from backing out of the Pfizer agreement and to compel a shareholder vote on November 13, .

This legal showdown highlights the growing rivalry in the obesity medication industry, which analysts expect to reach $150 billion in value by 2030. Novo, facing increased competition from Eli Lilly’s tirzepatide, is working to strengthen its drug portfolio before semaglutide patents expire. Meanwhile, Pfizer is attempting to gain entry into the sector after discontinuing its oral obesity drug candidate, danuglipron, as reported by

.

Metsera’s investors, led by Population Health Partners and ARCH Venture Partners, are under investigation for possible collusion with Novo, according to

. The biotech company has rejected Pfizer’s allegations as “nonsense” and has pledged to defend Novo’s offer in court, CNBC reports.

With Pfizer facing a November 5 deadline to respond to Novo’s proposal and a shareholder vote approaching, Delaware courts are poised to decide whether competitive issues or contractual commitments will take precedence in this major pharmaceutical dispute.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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