Roche nearing $5 billion deal to acquire Spark Therapeutics - WSJ
Reuters
Published Feb 23, 2019 23:37
Roche nearing $5 billion deal to acquire Spark Therapeutics - WSJ
(Reuters) - Swiss drugmaker Roche Holding (SIX:ROG) AG is nearing a deal to acquire U.S. biotechnology company Spark Therapeutics Inc, the Wall Street Journal reported on Saturday, citing people familiar with the matter.
The deal for Spark could be announced Monday, if not sooner, at a price tag of nearly $5 billion (£3.8 billion), but could still fall through, the Journal said, citing the unidentified sources. Spark's market value was just under $2 billion at Friday's market close.
The newspaper reported there was at least one other unidentified bidder for Spark as of Friday.
Officials with Roche and Spark said their companies do not comment on market rumours.
Spark is a gene therapy company with a pipeline of potential products targeting blindness, haemophilia and neurodegenerative diseases.
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Written By: Reuters
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