Neurocrine to buy Soleno Therapeutics for 2.9 billion

Neurocrine Biosciences will acquire rare disease drugmaker Soleno Therapeutics for 2.9 billion dollars in cash. The companies announced the deal on Monday.

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NEUROCRINE BIOSCIENCES INC has reached a definitive agreement to acquire SOLENO THERAPEUTICS INC for approximately $2.9 billion in cash. The announcement, made on Monday, signifies a strategic expansion for the biopharmaceutical firm as it seeks to bolster its portfolio within the rare disease sector.

A conceptual illustration featuring U.S. currency and various pharmaceutical products. REUTERS/Dado Ruvic/Illustration/File Photo
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