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Roching Holdings (SWX: RO), a Swiss developer of pharmaceutical and therapeutic medicines used in oncology, has agreed to acquire Ignyta (NASDAQ: RXRX), a US developer of personalized-medicine therapies designed for autoimmune diseases.
The $1.7 billion offer will allow Roche to execute on its strategy of fitting treatments to patients and to broaden its oncology portfolio globally. At $27 per share, the offer represents a 74% premium to Ignyta’s closing price on Thursday.
The deal is expected to close in the first half of 2018.
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