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Diversified pharma re-entering obesity via M&A: acquired Metsera November 2025 (~$7.3B upfront + up to $3.5B contingent) after danuglipron failed. Sciwind partnership ($495M) for ecnoglutide in China.
Quarterly breakdown of revenue into costs and profit
Q2 2016 — Q1 2026
How revenue flows through costs to become profit
Assets = Liabilities + Equity
Q2 2016 — Q1 2026
Cash position and cash generation
Q2 2016 — Q1 2026