{"id":560096,"date":"2021-12-17T10:51:55","date_gmt":"2021-12-17T09:51:55","guid":{"rendered":"https:\/\/www.tomhemps.com\/blog\/news\/pfizer-steigt-ins-cannabis-business-ein\/"},"modified":"2023-03-22T13:21:02","modified_gmt":"2023-03-22T12:21:02","slug":"pfizer-enters-the-cannabis-business","status":"publish","type":"post","link":"https:\/\/www.tomhemps.com\/en\/blog\/pfizer-enters-the-cannabis-business\/","title":{"rendered":"Pfizer enters the cannabis business"},"content":{"rendered":"

Pfizer is entering the cannabis business with a $6.7 billion investment<\/h2>\n

Pharmaceutical company Pfizer Inc. is entering the cannabis sector with the US$6.7 billion acquisition<\/strong> of Arena Pharmaceuticals, Inc. On Monday, both companies confirmed that they have signed a definitive agreement under which Pfizer will acquire all outstanding shares of Arena for $100 per share in cash.<\/p>\n

Arena Pharmaceuticals, based in San Diego, California, is a biotech company that focuses its drug portfolio on cannabinoid-type therapeutics<\/strong>. The core of its cannabis biotech activities<\/strong> is the research and development of an investigational drug called olorinab<\/strong> (APD371), an orally ingested cannabinoid receptor 2 that is being researched for the treatment of various symptoms, but primarily for pain associated with gastrointestinal disorders.<\/p>\n

Other parts of Arena’s drug portfolio focus on medicines, with an emphasis on developing innovative potential therapies<\/strong> for the treatment of visceral pain and immune inflammatory diseases.<\/p>\n

“The proposed acquisition of Arena complements our capabilities and expertise in inflammation and immunology, a Pfizer innovation engine for developing potential therapies for patients with debilitating immune inflammatory<\/strong> diseases who need more effective treatment options,” said Mike Gladstone, Global President & General Manager.<\/p>\n

Photo: Christina Winter \/ Unsplash<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":623,"featured_media":488781,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[243],"tags":[],"acf":[],"yoast_head":"\nPfizer enters the cannabis business - Your CBD Shop | Your CBD Brand | born in Berlin<\/title>\n<meta name=\"description\" content=\"Pfizer enters the cannabis industry, focuses on biotech research, and develops investigational drug.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tomhemps.com\/en\/blog\/pfizer-enters-the-cannabis-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pfizer enters the cannabis business\" \/>\n<meta property=\"og:description\" content=\"Your CBD Shop | Your CBD Brand | born in Berlin - 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