Servier is expanding its cancer drug prospects through the $2.5 billion acquisition of Day One Biopharmaceuticals, a biotech with a commercialized therapy for a type of pediatric glioma and clinical-stage assets that fit the French company’s business strategy of pipeline and revenue growth, particularly in oncology.Per acquisition terms announced Friday, Servier will pay $21.50 in cash for each share of Day One, which is a 68% premium to the stock’s Thursday closing price. When Day One went publ...
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