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.

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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
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