Breaking: Plano’s Reata Pharmaceuticals strikes a $7.3 billion deal with biotech giant Biogen
Its Skyclarys drug for a rare neurological disease recently won approval to launch commercial sales in the U.S.
Warren Huff , chief executive of Reata Pharmaceuticals, rang the closing bell at Nasdaq after the company’s successful IPO.A Plano biotech firm is turning regulatory approval of its first commercial drug into an even bigger deal.in a cash deal that values the North Texas-founded company at $7.3 billion. Biogen will pay $172.50 a share – a nearly 59% premium over Reata’s Thursday close of $108.55.A month ago, Reata gained final clearance from the U.S.
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