Blackstone partners with Pfizer to fund obesity drug development with up to $1.5 billion
Bitget2026/11/11 21:43- Blackstone Life Sciences agreed to provide Pfizer up to $1.5 billion through 2028 to fund berobenatide development.
- The investigational monthly GLP-1 receptor agonist is being studied for chronic weight management and obesity-related conditions.
- Milestone payments depend on U.S. approval of monthly injectable berobenatide monotherapy for chronic weight management and achievement of commercial sales milestones.
- Pfizer retains full operational control and decision-making over the program; the funding partner acquires no rights or ownership in berobenatide.
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