Jim Cramer on Pfizer's Trillium Deal: Oncology Is Ripe for Speculation

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Pfizer  (PFE) - Get Pfizer Inc. Report said it will buy Trillium Therapeutics  (TRIL) - Get Trillium Therapeutics Inc. Report in a deal that values the immuno-oncology specialist at $2.26 billion. 

Reacting to the deal, in addition to news of the Food and Drug Administration's approval and Pfizer and BioNtech's  (BNTX) - Get BioNTech SE Sponsored ADR Report COVID vaccine, Jim Cramer said oncology companies are ripe for speculation if investors recognize the risk. 

"Don't give up the ship on any oncology stock if they have trials," Cramer said. 

Catch Cramer's full take in the video above. 

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