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Was This Acquisition a Smart Move for GlaxoSmithKline?

The British drugmaker recently announced that it agreed to acquire a late-stage biopharmaceutical company.

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GSK reaches agreement to acquire late-stage biopharmaceutical company Sierra Oncology for $1 9bn

GlaxoSmithKline plc (LSE/NYSE: GSK) and Sierra Oncology, Inc (Nasdaq: SRRA) today 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 .

United statesWilson sonsini goodrich rosatiLuke mielsEuropean society of medical oncologyExchange commissionSierra oncology incSierra oncology inc nasdaqCleary gottlieb steen hamiltonConstant exchange rateNational comprehensive cancer networkSierra oncologyChief commercial officerChief executive officerHart scott rodino antitrust improvements actCompound annual growth rateConstant exchange

GSK Reaches Agreement to Acquire Late-Stage Biopharmaceutical Company Sierra Oncology For $1 9bn

Sierra Oncology's differentiated momelotinib has the potential to address the critical unmet medical needs of myelofibrosis patients with anaemia Momelotinib complements GSK's existing expertise

United statesUnited kingdomCity ofUnited kingdom generalLauren mustoMadeleine breckonWilson sonsini goodrich rosatiKathleen quinnJosh williamsLuke mielsJeff mclaughlinSonya ghobrialMick readeyLyndsay meyerDede sheelTim foley

Investegate |GlaxoSmithKline PLC Announcements | GlaxoSmithKline PLC: GSK agrees to acquire Sierra Oncology for $1 9bn

Investegate announcements from GlaxoSmithKline PLC, GSK agrees to acquire Sierra Oncology for $1.9bn

United statesUnited kingdomCity ofUnited kingdom generalWilson sonsini goodrich rosatiKathleen quinnDan smithJosh williamsLuke mielsJeff mclaughlinSonya ghobrialMick readeyLyndsay meyerTim foleyJames dodwellKristen neese

AbbVie Presents Positive Investigational Navitoclax Combination Data in Phase 2 REFINE Study Suggesting Anti-Fibrosis Activity for Patients with Myelofibrosis

- Navitoclax is being studied in myelofibrosis, a rare, difficult-to-treat blood cancer - Results are from an exploratory analys.

United statesMohamed zakiJacquelines garciaDrug administrationHarvard medical schoolExchange commissionAmerican association for cancer researchDana farber cancer instituteAmerican associationCancer researchHarvard medicalSpleen volume reductionTotal symptom scoreEuropean consensus gradingAllergan aestheticsLinkedin forward looking

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