Myovant Sciences rejects $2.5bn takeover bid from Sumitomo Pharma
Pharmaceutical Technology
OCTOBER 13, 2022
Myovant Sciences has rejected an acquisition offer from Sumitovant Biopharma and its wholly owned subsidiary, Sumitomo Pharma. GlobalData believes that Myovant considers its value to be higher mainly because of the company’s drug Myfembree, which has the potential to fulfil significant unmet needs in the endometriosis space.
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