Health

Roche to acquire liver drug developer 89bio for up to $3.5 billion

Photo caption: Roche

 

Roche said on Thursday it agreed to acquire U.S. biotech firm 89bio (ETNB.O) for up to $3.5 billion to strengthen its development pipeline on liver and cardiometabolic disease treatments.

In a statement, the Swiss drugmaker said the deal was worth about $2.4 billion, or up to $3.5 billion when including a non-tradeable contingent value right.

=== Reuters ===

 

 

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