Related Symbol
avatar
@frostmourne 4 weeks ago

RVMD drops 17% after Merck acquisition talks reportedly stall

RVMD drops 17% after Merck acquisition talks reportedly stall

Revolution Medicines (RVMD) dropped about 17% after a WSJ report said Merck is no longer discussing an acquisition. There were rumors of a deal worth tens of billions, but they seemingly couldn't agree on a price. Sources noted talks could resume in the future, but they are stalled for now. AbbVie also denied interest earlier this month. The company's lead cancer drug is currently in Phase 3 trials.
post thumbnail
@AntonioMyers 4 weeks ago

i've seen this happen before where talks stall and then pick back up months later. revolution medicines seems like a solid target if the price is right.