Medicines Co. Shares Up 19% After Bloomberg Report
November 19 2019 - 11:16AM
Dow Jones News
By Michael Dabaie
Medicines Co. (MDCO) shares rose 19% to $69.83 Tuesday morning
in heavier-than-average volume.
Bloomberg reported earlier that Medicines Co. has attracted
takeover interest from suitors, including from Novartis AG (NVS),
citing people familiar with the matter.
Novartis has been holding talks about a potential acquisition of
the company, according to the people, Bloomberg reported. Novartis
is conducting due diligence on the company, one of the people said,
according to the Bloomberg report.
Officials from Medicines Co. and Novartis declined to
comment.
Medicines Co. said Monday that the ORION-9 study of inclisiran
in heterozygous familial hypercholesterolemia patients showed
durable low-density lipoprotein cholesterol lowering with
twice-yearly dosing.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
November 19, 2019 11:01 ET (16:01 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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