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AZN AstraZeneca PLC

76.55
0.75 (0.99%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
AstraZeneca PLC NASDAQ:AZN NASDAQ Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.75 0.99% 76.55 76.27 77.00 76.49 75.43 76.47 9,026,349 01:00:00

AstraZeneca to Buy Icosavax for Up to $1.1 Billion

12/12/2023 7:47am

Dow Jones News


AstraZeneca (NASDAQ:AZN)
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By Ian Walker

 

AstraZeneca said it would buy U.S.-based clinical-stage biopharmaceutical company Icosavax for up to $1.1 billion in a deal that expands its vaccines and immune therapies late-stage pipeline.

The pharmaceutical giant is offering $15 for each Icosavax share held, a 43% premium to its closing market price of $10.49 on Monday.

An extra $5.00 a share in cash could be paid depending upon certain regulatory and sales milestones being met.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

December 12, 2023 02:32 ET (07:32 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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