Reata's Acquisition Fits Biogen's Strategy Despite High Cost: Analyst Says High Level Regulatory Scrutiny Not Anticipated
Benzinga
JULY 28, 2023
Earlier today, Biogen Inc (NASDAQ: BIIB ) agreed to acquire Reata Pharmaceuticals Inc (NASDAQ: RETA ) for $172.50 The analysts say the asset and other pipeline Nrf2 activators fit well within the company's rare neurology franchise. per share in cash, reflecting an enterprise value of approximately $7.3
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