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Merck & Company, Inc (NYSE:MRK), (PAND) - Why Merck Is Buying Autoimmune Disease Drug Company Pandion For $1 85B

Merck & Company, Inc (NYSE:MRK), (PAND) - Why Merck Is Buying Autoimmune Disease Drug Company Pandion For $1 85B
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Mid-Afternoon Market Update: Dow Falls 450 Points; Ping Identity Shares Slide On Downbeat Sales

Mid-Afternoon Market Update: Dow Falls 450 Points; Ping Identity Shares Slide On Downbeat Sales
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Merck to buy drug developer Pandion Therapeutics for $1 85 billion

By Reuters Staff 1 Min Read FILE PHOTO: The Merck logo is seen at a gate to the Merck & Co campus in Linden, New Jersey, U.S., July 12, 2018. REUTERS/Brendan McDermid (Reuters) - Merck & Co Inc said on Thursday it would buy drug developer Pandion Therapeutics Inc for about $1.85 billion in cash, to expand its portfolio of drugs that target autoimmune diseases. The $60-per-share deal represents about 134% premium to Pandion’s closing price on Wednesday. Pandion’s lead drug candidate, PT101, last month met its main goals of safety and tolerability in an early-stage trial in patients with autoimmune diseases. The transaction is expected to close in the first half of 2021, the companies said in a joint statement.

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SHAREHOLDER ALERT: Rigrodsky Law, P A Announces Investigation of Pandion Therapeutics, Inc Buyout

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Pandion Therapeutics, Inc. Buyout February 25, 2021 13:00 ET | Source: Rigrodsky Law, P.A Rigrodsky Law, P.A Wilmington, Delaware, UNITED STATES WILMINGTON, Del., Feb. 25, 2021 (GLOBE NEWSWIRE) Rigrodsky Law, P.A. announces that it is investigating Pandion Therapeutics, Inc. (“Pandion”) (NASDAQ GS: PAND) regarding possible breaches of fiduciary duties and other violations of law related to Forterra’s agreement to be acquired by Merck & Co., Inc. (“Merck”) (NYSE: MRK). Under the terms of the agreement, Pandion’s shareholders will receive $60.00 in cash per share. To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-pandion-inc.

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Mid-Day Market Update: Nasdaq Tumbles Over 2%; Pandion Therapeutics Shares Spike Higher

Mid-Day Market Update: Nasdaq Tumbles Over 2%; Pandion Therapeutics Shares Spike Higher
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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