CHICAGO: With biotech stocks in the dumps, investors have been hoping for deals to revive the sector, but lately, merger-and-acquisition (M&A) activity has been anaemic.
Finally on Tuesday, Pfizer announced it will buy Biohaven Pharmaceutical Holding Company Ltd, a nine-year-old company that makes treatments for migraines, for US$11.6bil (RM51bil).
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!