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BREAKING NEWS

Roche to buy US cancer drugmaker Ignyta for $1.7 billion

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Roche to buy US cancer drugmaker Ignyta for $1.7 billion

Roche to buy US cancer drugmaker Ignyta for $1.7 billion
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(Reuters) – Swiss drugmaker Roche <ROG.S> said on Friday it would buy U.S. cancer drugmaker Ignyta Inc <RXDX.O> for $1.7 billion.

Roche will buy all of Ignyta’s outstanding shares for $27 each, representing a premium of about 74 percent to its closing price on Thursday. [nBwNlYw5a]

Reuters reported earlier this week that Ignyta was in advanced talks to sell itself. [nL1N1OM03A]

(Reporting by Parikshit Mishra in Bengaluru; Editing by Gopakumar Warrier)

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