3 days ago LIVE NEWS

Shares in GSK rise after $2bn deal struck

Shares in GSK rose by as much as 3 per cent after it struck a deal with Boston Pharmaceuticals to acquire a liver disease drug in a deal that could hit $2 billion.

The drug is set to enter late-stage clinical trials and is being sold at an upfront price of $1.2 billion, while an additional $800 million could be paid in performance-related payments.

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