{"id":182450,"date":"2023-10-09T15:39:34","date_gmt":"2023-10-09T15:39:34","guid":{"rendered":"https:\/\/precoinnews.com\/?p=182450"},"modified":"2023-10-09T15:39:34","modified_gmt":"2023-10-09T15:39:34","slug":"mirati-therapeutics-falls-5-after-bristol-myers-squibb-decides-to-acquire-it","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/mirati-therapeutics-falls-5-after-bristol-myers-squibb-decides-to-acquire-it\/","title":{"rendered":"Mirati Therapeutics Falls 5% After Bristol Myers Squibb Decides To Acquire It"},"content":{"rendered":"
Shares of Mirati Therapeutics, Inc. (MRTX) are down more than 5% Monday morning after the news of Bristol Myers Squibb acquiring the company for $58 per share in cash, below Friday’s closing price of $60.20.<\/p>\n
The deal involves consideration of $4.8 billion. Mirati stockholders will also receive one non-tradeable Contingent Value Right (CVR) for each Mirati share held, potentially worth $12.00 per share in cash.<\/p>\n
The aquisition adds KRAZATI, Mirati’s FDA approved treatment of Non-Small Cell Lung Cancer (NSCLC), to Bristol Myers Squibb’s oncology portfolio. KRAZATI is also being investigated as a combination therapy. Mirati’s oncology pipeline include MRTX1133, MRTX1719, and MRTX0902, which are in early stages of studies.<\/p>\n
MRTX is at $56.98. It has traded in the range of $27.30 – $101.30 in the last 1 year. <\/p>\n