Roche To Acquire 89bio For $2.4 Billion In Liver And Cardiometabolic Push
The acquisition price is significantly higher than ETNB's current trading price, suggesting strong market confidence.
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The acquisition price is significantly higher than ETNB's current trading price, suggesting strong market confidence.
What happened, with direct paths to the underlying reporting
Roche announces acquisition of 89bio for $2.4 billion. Acquisition price of $14.50 per share represents a 79% premium. 89bio's therapy pegozafermin targets liver and cardiometabolic diseases. Stockholders will receive contingent payments upon milestone achievements. ETNB's stock price up 85.15% following acquisition news.
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