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CNBC
CNBC
5 days ago

Nuvalent shares surge 39% after UK's GSK agrees to buy the cancer drugmaker for $10.6 billion

Nuvalent shares surge 39% after UK's GSK agrees to buy the cancer drugmaker for $10.6 billion

The deal comes at a time of biotech dealmaking frenzy, driven by looming patent cliffs, newly buoyant public markets and drugmakers' race to bolster pipelines.