GSK Buys Tesaro For $5 Billion In Dramatic Bet On Cancer Genetics

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GSK buys Tesaro for $5 billion in a dramatic bet on cancer genetics

 

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GSK Buys Tesaro For $5 Billion In Dramatic Bet On Cancer GeneticsThe deal is a dramatic bet that the London-based drug giant can see opportunities connected to the genetics of cancer drugs better than the stock market. It fits into a framework outlined in July by Hal Barron, the widely respected pharma veteran who took over as GSK’s head of R&D last year.
Source: Forbes - 🏆 394. / 53 Read more »

GSK slides after buying cancer firm Tesaro for hefty $5.1 billionGlaxoSmithKline has agreed to buy U.S. cancer specialist Tesaro for $5.1 billion... Fear of Death Sells :) PARP PARP
Source: Reuters - 🏆 2. / 97 Read more »

GSK to buy cancer drugmaker Tesaro for $5.1 billionGlaxoSmithKline has agreed to buy U.S. cancer drug specialist Tesaro for $5.1 bi... Time to bring insulin production to the U.K.
Source: Reuters - 🏆 2. / 97 Read more »

Pharma giant GSK just made a $5.1 billion bet on a cancer drugmakerPharma giant GlaxoSmithKline just acquired cancer drugmaker Tesaro for $5.1 billion in a bid to bulk up its cancer pipeline.
Source: BusinessInsider - 🏆 729. / 51 Read more »

GSK looks like a better seller than buyerThe UK drug giant is acquiring cancer specialist Tesaro for $5.1 bln and offloading its Horlicks unit to Unilever for about the same amount. It’s a neat way for CEO Emma Walmsley to reshape GSK. But the purchase will take years to pay off – and is much riskier than hot drinks.
Source: Breakingviews - 🏆 470. / 51 Read more »