Germany's BioNTech SE has snapped up struggling US immunotherapy company Neon Therapeutics Inc. for a cut-price $67m.
The all stock deal implies a purchase value of $2.18 per Neon share, which represents a 77% premium on the...
BioNTech Bags Bargain With Neon Buy
Expands Cell Therapy Pipeline
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Neon listed on the NASDAQ at $16 per share 18 months ago. It has now been picked up by the ambitious German biotech for just $2.18 per share, having recently ended its cancer vaccine programs and laid off a quarter of its workforce.
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