NEW YORK: Shares of Biogen surged on Wednesday (Thursday in Manila) following a report that South Korean giant Samsung Group is in talks to acquire the US biotech company for more than $40 billion.
Biogen, which is known for its Alzheimer's drug Aduhelm and a neurology-focused medication pipeline, approached Samsung on a potential deal that could be valued at more than $42 billion, according to a report in the Korea Economic Daily.
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