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home / news releases / RXDX - Prometheus Biosciences had other bidders besides Merck - report

RXDX - Prometheus Biosciences had other bidders besides Merck - report

Prometheus Biosciences Inc.

2023-04-17 09:47:58 ET

  • Prometheus Biosciences ( NASDAQ: RXDX ) had other bidders for the company besides Merck ( NYSE: MRK ).
  • There was a competition to purchase Prometheus ( RXDX ), according to CNBC's David Faber, who cited people familiar. The $10.8 billion deal appears to be the largest dollar price of any company that is only out of a Phase 2.
  • Prometheus Biosciences jumped ~70% on Monday after Merck ( MRK ) agreed to acquire the clinical-stage biotech for $10.8B in cash on Sunday to expand the pharma giant's focus on immunology .

For further details see:

Prometheus Biosciences had other bidders besides Merck - report
Stock Information
Company Name: Prometheus Biosciences Inc.
Stock Symbol: RXDX
Market: NASDAQ
Website: prometheusbiosciences.com
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