GlaxoSmithKline (GSK) to Acquire TESARO (TSRO) for $5.1B
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GSK reaches agreement to acquire TESARO, an oncology focused biopharmaceutical company
December 3, 2018 7:03 AM ESTLONDON and WALTHAM, Mass., Dec. 03, 2018 (GLOBE NEWSWIRE) -- GlaxoSmithKline plc (LSE/NYSE: GSK) and TESARO Inc (NASDAQ: TSRO) today announced that the Companies have entered into a definitive agreement pursuant to which GSK will acquire TESARO, an oncology-focused company based in Waltham, Massachusetts, for an aggregate cash consideration of approximately $5.1 billion (£4.0 billion). The proposed transaction significantly strengthens GSKs pharmaceutical business, accelerating the build of GSKs pipeline and commercial capability in oncology.
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