Nuvalent

GSK acquired Nuvalent, a biotech company with two drugs under FDA review for targeting genetic mutations in lung cancer, for $10.6 billion. Approval decisions for the drugs are expected later this year.

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GSK acquired Nuvalent, a cancer drug developer, in a $10.6 billion deal to expand its oncology portfolio, while Merck and Gilead Sciences reported success in final-stage trials for a once-weekly HIV pill combining their experimental drugs. The GSK acquisition highlights ongoing biopharma industry consolidation as companies bolster pipelines amid generic competition.

GSK acquired cancer drugmaker Nuvalent for $10.6 billion, reflecting the rising significance of cancer in the pharmaceutical market. The move aims to leverage Nuvalent’s antibody therapies to compete with companies like Merck, as cancer becomes more prevalent and treatable due to aging populations and advancements in detection and treatment.

GSK is acquiring lung cancer biotech Nuvalent in its largest deal in over a decade. The all-cash transaction provides GSK with two late-stage lung cancer drugs under FDA review.

GSK, a U.K. pharmaceutical company, announced a $10.6 billion acquisition of Nuvalent, a U.S.-listed biotech firm, marking its largest purchase in eight years to strengthen its cancer portfolio.

British drugmaker GSK, led by new CEO Luke Miels, has agreed to acquire US-based cancer treatment firm Nuvalent for $10.6 billion. The deal aims to strengthen GSK's oncology portfolio, with Nuvalent developing three late-stage lung cancer medications.

British drugmaker GSK has agreed to acquire US-based cancer treatment company Nuvalent for $10.6 billion to expand its oncology portfolio. The deal includes Nuvalent's three late-stage lung cancer medications.

GSK has agreed to buy Nuvalent for $10.6 billion. The acquisition is valued at $10.6 billion.

GSK agreed to acquire Nuvalent, a cancer-focused biotech company, for $10.6 billion in a cash deal. The transaction includes a 26% premium over Nuvalent’s 30-day average share price, with GSK paying $124 per share and spending approximately $9.4 billion in cash.

GSK is in talks to acquire cancer biotech Nuvalent for more than $9 billion. The deal would rank as one of the UK drugmaker’s largest as biotech M&A activity accelerates this year.

GSK is in discussions to acquire Nuvalent for more than $9 billion, according to the Financial Times. The potential deal could significantly expand GSK's portfolio.