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REGN Regeneron Pharmaceuticals Inc

1,094.575
12.47 (1.15%)
Last Updated: 20:22:49
Delayed by 15 minutes
Share Name Share Symbol Market Type
Regeneron Pharmaceuticals Inc NASDAQ:REGN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  12.47 1.15% 1,094.575 1,094.02 1,095.32 1,100.08 1,079.0855 1,087.89 150,228 20:22:49

Checkmate Pharmaceuticals Shares Take Flight on Regeneron Deal

19/04/2022 2:46pm

Dow Jones News


Regeneron Pharmaceuticals (NASDAQ:REGN)
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By Colin Kellaher

 

Shares of Checkmate Pharmaceuticals Inc. more than quadrupled in premarket trading Tuesday after the clinical-stage biopharmaceutical company agreed to be acquired by Regeneron Pharmaceuticals Inc. for about $250 million.

Regeneron is paying $10.50 a share in cash for Checkmate, more than four times Monday's closing price of $2.41 for the Cambridge, Mass., company and more than 30% above the stock's 52-week high of $7.97 reached last May.

The deal is slated to close by mid-year.

Checkmate shares were recently changing hands at $10.40, up 332%, in premarket trading, while Regeneron shares slipped 0.4% to $720.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

April 19, 2022 09:31 ET (13:31 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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