Biogen to Buy Apellis Pharmaceuticals for 5.6 Billion

Biogen announced on Tuesday that it has agreed to acquire Apellis Pharmaceuticals for 5.6 billion dollars. The all-cash deal was confirmed by the company.

Xurve View
Insights:

Biogen Inc. has reached an agreement to acquire Apellis Pharmaceuticals, Inc. for approximately $5.6 billion. The biotechnology company announced the deal on Tuesday, confirming that the transaction will be conducted entirely in cash.

A test tube stands before a Biogen logo in an illustrative photo taken on December 1, 2021. REUTERS/Dado Ruvic/Illustration
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.