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By Chris Wack
Synthorx Inc. (THOR) shares were up 165% to $66.28 premarket after Sanofi SA (SAN.FR) said it was buying the clinical-stage biotechnology for $68 a share in cash.
The deal has an equity value of about $2.5 billion, and is expected to close in the first quarter of next year.
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(END) Dow Jones Newswires
December 09, 2019 07:08 ET (12:08 GMT)
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