FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Kadmon Holdings, Inc. Skyrockets Amid Entering Definitive Merger Agreement with Sanofi
Kadmon Holdings, Inc. (NASDAQ: KDMN) surged 73% in premarket trading after entering into a definitive merger agreement with Sanofi.
Shareholders of Kadmon common stock will receive $9.50 per share in cash, representing a total equity value of approximately $1.9 billion, while the acquisition will support Sanofi’s strategy to continue to grow its General Medicines core assets and immediately add Rezurock™ (belumosudil) to its transplant portfolio.
Kadmon is a biopharmaceutical company that discovers, develops, and delivers transformative therapies for unmet medical needs. Rezurock™ (belumosudil), an oral, once-daily tablet, is approved in the United States for the treatment of adult and pediatric patients 12 years and older with chronic graft-versus-host disease (cGVHD) after failure of at least two prior lines of systemic therapy.
For more information, please visit: Kadmon Holdings, Inc.
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