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This Biopharma Stock Is Soaring 58%. Novartis Is Acquiring It.

1. Novartis agreed to acquire Tourmaline Bio for $1.4 billion. 2. Tourmaline shareholders will receive $48 per share. 3. Acquisition adds potential therapy for cardiovascular diseases to Novartis. 4. Tourmaline’s drug, pacibekitug, is in advanced Phase 2 trials. 5. Transaction expected to close in Q4 2025.

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FAQ

Why Bullish?

The acquisition involves a strategic asset in a growing market. Similar acquisitions have positively impacted related stock prices in the past.

How important is it?

The acquisition aligns with Novartis' strategy to enhance its cardiovascular portfolio.

Why Long Term?

The benefits of the acquisition will materialize post-closing, affecting long-term growth.

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