GSK to acquire Sierra Oncology for $1.9B to bolster specialty meds; Sierra soars 38%

Apr. 13, 2022 4:47 AM ETGSK plc (GSK)By: Ravikash, SA News Editor

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GlaxoSmithKline (NYSE:GSK) is acquiring San Mateo, Calif.-based Sierra Oncology (NASDAQ:SRRA) in a $1.9B cash deal to bolster its cancer drug portfolio.

Under the agreement, outstanding shares of Sierra will be cancelled and converted into the right to

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