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BioMarin Buys Rare Disease-Focused Amicus In $4.8 Billion Deal

by TheAdviserMagazine
3 months ago
in Business
Reading Time: 1 min read
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BioMarin Buys Rare Disease-Focused Amicus In .8 Billion Deal
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BioMarin Pharmaceutical (BMRN) said Friday it will acquire Amicus Therapeutics (FOLD) for $4.8 billion in a deal that adds two rare disease drugs to its portfolio. In premarket trades on the stock market today, Amicus stock catapulted 29.8% to 14.13, just under the takeover price of $14.50 per share. The biotech stock is highly rated and has climbed roughly 94%…



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