The UK’s PureTech and US biotech Nektar have ended discussions about a potential merger which analysts did not see coming, but a deal could still happen and other companies may also make a move.
A mere four days after announcing a potential link-up, troubled US group Nektar Therapeutics and UK healthcare holding company PureTech have called off merger talks which had taken seasoned observers of biotech M&A activity by surprise.
PureTech said on 11 October it had mutually agreed with Nektar "to terminate discussions regarding a possible business combination." Those...
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