Bristol Myers to buy RayzeBio for $4.1 billion in targeted cancer therapy push
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Karuna Therapeutics cut by analysts following news of Bristol-Myers Squibb acquisition
December 26, 2023 11:14 AM ESTKaruna Therapeutics Inc. (NASDAQ: KRTX) was downgraded by analysts at Leerink Partners, H.C. Wainwright and Maxim Group on Tuesday following news that the company will be acquired by Bristol-Myers Squibb (NYSE: BMY)for a total value of... More
Bristol-Myers Squibb (BMY) to buy RayzeBio (RYZB) for $4.1 billion
December 26, 2023 7:56 AM ESTPharmaceutical giant Bristol-Myers Squibb (NYSE: BMY) announced Tuesday that it is acquiring RayzeBio (NASDAQ: RYZB) for $4.1 billion, strengthening its oncology portfolio with promising radiopharmaceutical therapeutics (RPTs).
The deal, valued at $62.50 per RayzeBio share, was... More
