Bristol Myers Squibb announced today that it has completed the acquisition of Mirati Therapeutics, making the biotech company a wholly-owned subsidiary of the Group and delisting Mirati shares from the Nasdaq Global Select Market.

With this transaction, the healthcare group says it is adding the marketed lung cancer drug Krazati (adagrasib) to its oncology portfolio, as well as several other promising clinical assets.

The transaction, announced last October for a total equity value of $4.8 billion, is expected to have a dilutive effect of approximately $0.35 per share on Bristol Myers Squibb's non-GAAP EPS in 2024.

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