Abbisko Cayman LtdAbbisko Therapeutics entered an R&D and licensing collaboration with Eli Lilly worth up to $1.9 billion.
The S&P 500 Health Care Index Sector jumped 7.48% during the week, driven by major dealmaking and legal victories. Merck KGaA agreed to acquire Bio-Techne for $73 per share in cash, valuing the deal at an enterprise value of approximately $11.3 billion, a 36% premium that sent Bio-Techne shares up more than 20%. AbbVie announced an all-cash acquisition of Apogee Therapeutics at $135.11 per share, a total equity value of about $10.9 billion, causing Apogee shares to rally 52%. The U.S. Supreme Court handed Bayer a sweeping 7-2 victory, ruling that federal pesticide regulations shield the company from state-law claims alleging Roundup should have carried a cancer warning, a decision expected to sharply reduce litigation that has cost Bayer more than $10 billion. Eli Lilly entered an R&D and licensing collaboration with China's Abbisko Therapeutics worth up to $1.9 billion, while Novartis and privately held Antares Therapeutics announced a cancer drug development deal also worth up to $1.9 billion.
Abbisko Cayman LtdAbbisko Therapeutics entered an R&D and licensing collaboration with Eli Lilly worth up to $1.9 billion.
Apogee Therapeutics, Inc. Common StockApogee Therapeutics is being acquired by AbbVie at $135.11 per share, a 52% premium.
Bio-Techne CorpMerck KGaA agreed to acquire Bio-Techne for $73 per share, a 36% premium.
Novartis AGNovartis announced a cancer drug development deal with Antares Therapeutics worth up to $1.9 billion.
Eli Lilly and CompanyEli Lilly entered an R&D and licensing collaboration with Abbisko Therapeutics worth up to $1.9 billion.
AbbVie IncAbbVie announced acquisition of Apogee Therapeutics, a dealmaking event that may signal strategic growth.
Charles River Laboratories
DexCom Inc
Incyte Corporation
IQVIA Holdings Inc
Pfizer Inc
Bayer AG NASupreme Court ruling shields Bayer from Roundup state-law claims, reducing litigation costs.
Zoetis Inc
Merck KGaAMerck KGaA agreed to acquire Bio-Techne at a 36% premium, driving sector gains.
Align Technology Inc
Boston Scientific CorpAntares Therapeutics entered a cancer drug development deal with Novartis worth up to $1.9 billion.