October 07, 2024 07:26 GMT
HEALTHCARE: Pfizer (PFE: A2/A): Activist Stake
HEALTHCARE
- Developing story: Activist investor Starboard Value has taken a $1bn stake in Pfizer
- Pfizer has lost around half of its market value since COVID peak
- Dr Albert Bourla has been CEO since Jan '19
- Recent acquisitions $43bn Seagen, $6.7bn Arena, $11.6bn Biohaven, $5.4bn Global Blood Therapeutics are failing to deliver
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