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| Name | Symbol | Market | Type |
|---|---|---|---|
| Roche Holdings Ltd AG (QX) | USOTC:RHHBY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.11 | -0.34% | 32.54 | 32.53 | 32.56 | 32.56 | 32.54 | 32.56 | 686,570 | 14:32:00 |
From Nov 2023 to May 2024
By David Sachs
Roche aims to buy Carmot Therapeutics, a California-based pharmaceutical firm developing drugs to treat obesity and diabetes.
The Swiss pharmaceutical company said it has entered an agreement to acquire the private company for $2.7 billion with additional payments of up to $400 million based on drug-development milestones.
The deal would give Roche access to Carmot's research-and-development portfolio, including all clinical and pretrial assets, Roche said. The portfolio includes drugs in development to treat obesity as well as type-1 and type-2 diabetes, Roche said.
Roche expects to close the transaction in the first quarter of 2024.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
December 04, 2023 01:32 ET (06:32 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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