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GSK Embraces PARP Promise With Tesaro Buy

 
• By Kevin Grogan

The UK major is marking its return to oncology by spending over $5bn to get hold of Tesaro and its PARP inhibitor Zejula. The question now is whether it will be able to catch AstraZeneca's market-leading Lynparza.

Climbing wall
GSK clambers back into oncology • Source: Shutterstock

GlaxoSmithKline PLC has thrown its hat back into the oncology ring, specifically into the PARP inhibitor space, by making a $5.1bn bid to acquire Tesaro Inc..

The offer, which has been unanimously approved by Tesaro's board of directors, values the firm at $75 per share, representing a premium of around 60% over its closing price on...

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