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Posted 31 March 2026 AM
Big pharmaceutical companies have dropped a combined $17.6 billion (US$12.1 billion) in the past week in acquisitions, looking to strengthen their portfolios with potential best-in-class compounds.
MSD dropped $9.75 billion (US$6.7 billion) to buy Terns Pharmaceuticals, attracted by a potential best-in-class treatment for myeloid leukemia. The company comes with around US$1 billion in cash, but the price still represents a premium of around 31 per cent to the 60-day average stock price. The deal is expected to close in the second quarter of this year.

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