Trending: Roche to Buy Carmot Therapeutics in Deal Worth Up to $3.1 Billion
04 Dezember 2023 - 4:12PM
Dow Jones News
9:42 ET -- Roche is one of the most mentioned companies in the
U.S. across all news items in the last 12 hours, according to
Factiva data. The Swiss pharmaceutical company announced a deal to
buy Carmot Therapeutics for $2.7 billion with up to $400 million in
additional payments based on drug-development milestones. Roche
said it would be gaining Carmot's research-and-development
portfolio, including drugs it's developing to treat obesity and
type-1 and type-2 diabetes. Dow Jones & Co. owns Factiva.
(susan.solan@wsj.com)
(END) Dow Jones Newswires
December 04, 2023 09:57 ET (14:57 GMT)
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