Pfizer Enters Cannabis Space with Acquisition of Arena Pharmaceuticals, Inc.

Ganjapreneur
By TG BranfaltDec 16, 2021, 10:22 am395 pts
The pharmaceutical giant Pfizer has announced plans to purchase Arena Pharmaceuticals, Inc., a San Diego-based bioscience firm with a dedicated cannabinoid research and development arm, for $6 billion, Benzinga reports. The two companies made the announcement on Monday, detailing that Pfizer will pay $100 per…

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