Samsung in talks to buy Biogen for $42 bn: report
Shares of Biogen soared 9.5 percent
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Shares of Biogen soared 9.5 percent
Biogen Inc shares jumped by the most since the company’s Alzheimer’s disease treatment was approved in the US early this year, after a South Korean media report that it was in talks to sell itself to Samsung Group. The Korea Economic Daily reported that the US biotechnology company had approached the Seoul conglomerate about a takeover, citing unnamed sources. The report said that Biogen has posted relatively stable revenue in comparison with “cyclical industries like semiconductors,” which have driven profit at Samsung. A representative for Biogen said that the company does not commen...
Shares of Biogen surged on Wednesday following a report that South Korean giant Samsung Group is in talks to acquire the US biotech company for more than $40 bi
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