Roche to Acquire Spark Therapeutics

Date : 02/25/2019 @ 6:44AM
Source : Dow Jones News
Stock : Roche Holding (QX) (RHHBY)
Quote : 37.53  0.19 (0.51%) @ 9:38PM

Roche to Acquire Spark Therapeutics

Roche Holding (QX) (USOTC:RHHBY)
Historical Stock Chart

1 Year : From Nov 2018 to Nov 2019

Click Here for more Roche Holding (QX) Charts.
   By Anthony Shevlin 
 

Roche Holding AG (ROG.EB) said Monday that it entered a definitive merger agreement to acquire Philadelphia-based Spark Therapeutics Inc. (ONCE).

The Swiss pharmaceutical company said it would acquire Spark for $114.50 per share and that the deal is expected to close in the second quarter.

Under the terms of the deal, Roche will file a tender offer to acquire all outstanding shares of Spark common stock, and Spark will file a recommendation statement containing the unanimous recommendation of the Spark board that its shareholders tender their shares to Roche.

Spark Therapeutics specializes in discovering, developing and delivering gene therapies. Its lead clinical asset is SPK-8011, a novel gene therapy for the treatment of hemophilia A, which is expected to start Phase 3 trials in 2019.

Roche Chief Executive Severin Schwan said the company planned to continue investing in Spark's portfolio.

Roche said Spark will continue to operate as an independent company within the Roche group.

 

Write to Anthony Shevlin at anthony.shevlin@dowjones.com

 

(END) Dow Jones Newswires

February 25, 2019 01:29 ET (06:29 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest RHHBY Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.