Roche Ramps Up Cancer Portfolio With $1.7bn Ignyta Buy

22 Dec 2017

The Swiss giant's acquisition of Ignyta to get hold of the latter's closely-watched NSCLC drug entrectinib will potentially trigger an intriguing fight for market share in the near future with Loxo Oncology and Bayer's larotrectinib.

Santa cap — Nice present: Ignyta is being acquired by Roche for $1.7bn • Source: Shutterstock

The holiday season is going to be a very happy one for Ignyta Inc. following the news that Roche is paying $1.7bn to acquire the San Diego-based rare cancer specialist.

Under the terms of the deal, which has been agreed unanimously by the boards at both companies, the Swiss major is paying $27 per share which represents a premium of 74% on Ignyta's closing price on Dec. 21 and 89% over on its average stock price over the past 90 days

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