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Thursday, 12/23/2021 3:18:50 AM

Thursday, December 23, 2021 3:18:50 AM

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Interesting industry news. Shocked this slipped through without really any notice.

Pfizer signed an agreement with the clinical-stage company Arena Pharmaceuticals for a total equity value of around $6.7 billion.

Arena Pharmaceuticals is a biotech company with one pipeline dedicated to cannabinoid-type therapeutics. The core of its cannabis operation consists of Olorinab (APD371), an investigational, oral, full agonist of the cannabinoid type 2 receptor (CB2), which aims to treat patients with diseases affecting the stomach and intestine
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