Today’s Deals – AbbVie acquiring cancer drug startup StemcenTrx for $5.8 billion

Stemcentrx Drug research giant AbbVie announced a deal to buy cancer drug startup Stemcentrx in a $5.8 billion cash and stock deal this morning. The terms of the deal include $2 billion in cash and $3.8 billion in stock upfront, plus another $4 billion in milestone-based payouts to StemCentrx, and $3.8 in stock. The deal values the company at up to $10.2 billion, according to a memo from early… Read More

from TechCrunch

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