SpringWorks jumps as Merck KGaA reportedly nears $3.5B buyout deal

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Innovation Center at Merck Headquarters in Darmstadt, Germany

Anne Czichos/iStock Editorial via Getty Images

Shares of SpringWorks Therapeutics (NASDAQ:SWTX) reached a session high on Thursday after The Wall Street Journal reported that Germany’s Merck KGaA (OTCPK:MKGAF) is closing in on a roughly $3.5B deal to acquire the cancer and rare disease drugmaker.

According to

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