Neurocrine will acquire Soleno in a transaction of 2.9 billion dollars
Neurocrine Biosciences has entered into a definitive agreement to acquire Soleno Therapeutics for $53 per share in cash, representing $2.9 billion in total transaction equity value. The transaction will expand Neurocrine’s portfolio in endocrinology and rare diseases by adding Soleno’s lead product, Vykat XR (diazoxide choline), for Prader-Willi syndrome (PWS). Vykat XR is a first-in-class…