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StockWatch: Horizon Soars on Talks with Amgen, J&J, Sanofi

By December 5, 2022No Comments
Senior man working in life science laboratory 2021 08 29 23 04 38 utc

Senior man working in life science laboratory 2021 08 29 23 04 38 utcA year marked mostly by biopharma mergers and acquisitions (M&A) in the hundreds of millions of dollars could end with a blockbuster, depending how far Horizon Therapeutics (HZNP) gets, and how quickly its talks with a trio of potential suitors, all of them being corporate giants.

Horizon shares jumped 27% from $78.76 to $100.29 on Wednesday, the first trading day after the company announced that it was in M&A talks with Amgen (AMGN), Johnson & Johnson (JNJ)’s Janssen Global Services, and Sanofi (SAN, SNY), confirming a report in The Wall Street Journal.

 

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