GlaxoSmithKline Scoops Up Rare Cancer-Focused Sierra Oncology In $1.9B Cash Deal
Benzinga
APRIL 13, 2022
GlaxoSmithKline plc (NYSE: GSK ) has agreed to acquire Sierra Oncology Inc (NASDAQ: SRRA ) for $55 per share in cash, representing an approximate total equity value of $1.9 billion (£1.5 Sierra's momelotinib complements GSK's Blenrep (belantamab mafodotin), building on GSK's commercial and medical expertise in hematology.
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