GSK to acquire California based, late stage biopharma company Sierra Oncology for $1.9 billion
GlaxoSmithKline plc and Sierra Oncology, Inc (announced that the companies have entered into an agreement under which GSK will acquire Sierra Oncology, a California-based, late-stage biopharmaceutical company focused on targeted therapies for the treatment of rare forms of cancer, for $55 per share of common stock in cash representing an approximate total equity value of $1.9 billion (
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