Roche is buying gene therapy specialist Spark Therapeutics Inc. for $4.8bn to get hold of the latter's already approved Luxturna for inherited blindness and a pipeline that contains a couple of potential hemophilia A treatments that will boost the Swiss major's presence in the rare blood disease space.
The Basel-based company is splashing out $114.50 per share to acquire Spark, representing a premium of 122% on the US biotech’s closing price on Feb. 22 and 19% more than its 52-week high share price on July 9, 2018
Read the full article – start your free trial today!
Join thousands of industry professionals who rely on Scrip for daily insights
- Start your 7-day free trial
- Explore trusted news, analysis, and insights
- Access comprehensive global coverage
- Enjoy instant access – no credit card required
Already a subscriber?