MedWatch

MSD eyeing Seagen acquisition, media reports

US-based biotech firm Seagen has benefitted on the stock exchange from rumors that pharmaceutical firm MSD was looking to buy.

Photo: MSD / PR

Pharmaceutical firm MSD is reported interested in buying US-based biotech firm Seagen, anonymous sources have told media Dow Jones News.

Following the rumors, Seagen shares increased by 16.9% to USD 171.6 on the stock exchange.

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