EAST SUSSEX, U.K.
- Sept. 6, 2017
-- The Rumor:
JAZZ Pharamaceutics is considering to buy AVEO Pharamaceutics, according to sources talks are in a preliminary stage. "Sources" say the offer is in the $15-19 range per share. The company's cancer drug was recently approved in Europe. The drug, Fotivda, was approved for adults with advanced renal cell carcinoma -- the most common type of kidney cancer -- in the European Union as well as Norway and Iceland. Ironically Fotivda is being licensed in Europe by Jazz Pharmaceuticals EUSA Pharma Inc. The drug was recommended for approval by a scientific committee of the European Medicines Agency in late June, news that sent AVEO Pharma shares surging. AVEO Pharma shares have risen 426% over the last three months.
AVEO Pharamaceutics closed at $3.42 UP 0.10 (3.01%).
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