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MYOK - Bristol Myers Squibb Surprises With A $13 Billion CV Takeover
October, 06 2020 09:00 AM
MyoKardia Inc.
BMY is taking over MyoKardia for $13 billion. MyoKardia's lead drug could generate peak sales of ~$2 billion, there are other pipeline candidates aimed at treating CV diseases on top of that. This bolsters BMY's position in the very large CV disease market. Even though the acquisition is a bit surprising, it does not look like a bad choice. For further details see:
Bristol Myers Squibb Surprises With A $13 Billion CV Takeover
Stock Information
Company Name:
MyoKardia Inc.
Stock Symbol:
MYOK
Market:
NASDAQ
Website:
myokardia.com
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