CNBC
US · 4 hrs ago
✦ 78◉ Centre
UK's GSK to acquire U.S. drugmaker Nuvalent for $10.6 billion as pharma giants race to expand pipelines
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Quality 78/100
Partisan intensity 25/100
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◉ Centre ✓ Fair headline
UK pharmaceutical company GlaxoSmithKline is acquiring U.S. biotech firm Nuvalent for $10.6 billion as part of a broader wave of pharma dealmaking driven by patent expirations, market conditions, and pipeline expansion pressures.
UK's GSK to acquire U.S. drugmaker Nuvalent for $10.6 billion as pharma giants race to expand pipelines
The deal comes at a time of biotech dealmaking frenzy, driven by looming patent cliffs, newly buoyant public markets and drugmakers' race to bolster pipelines.
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