PureTech Health lifted after associate receives funding for its digital therapeutics product
A look at the major movers on the London market on Wednesday
It has been a busy day in the healthcare world.
Vectura Group PLC (LON:VEC) has jumped 32.79% to 162p after the company, which is developing an inhaled treatment for COVID-19, backed a £958mln or 155p a share takeover offer from private equity group Carlyle.
Meanwhile Spire Heatlhcare Group (LON:SPI) is being bought by Australia s Ramsay Health Care Ltd (ASX:RHC) for £999mln or 240p a share. The private hospital group has added 26.17% to 243.5p.
Mediclinic PLC (LON:MDC), which holds a 29.9% interest in Spire, said it would vote in favour of the offer. With Mediclinic also reporting full year results which showed revenues down 3% and earnings down 21% but forecasting growth this year, its shares are up 6.29% at 327.8p.