Biogen to expand portfolio with $7.3bn acquisition of Reata Pharmaceuticals
Biogen Inc. (Nasdaq: BIIB) is set to acquire Reata Pharmaceuticals, Inc. (Nasdaq: RETA) for $172.5 per share in cash, amounting to an enterprise value of approximately $7.3 billion. This significant step forward was announced by both companies, showcasing Biogen’s dedication to expand its presence in the treatment of serious neurologic diseases. Reata Pharmaceuticals, recognized for […]