Cramer names biopharma companies as industry mergers start to accrue

Cramer names biopharma companies as industry mergers start to accrue

CNBC’s Jim Cramer on Friday pointed out the number of biopharma mergers and acquisitions that have closed or been announced over the last few months. He told investors to keep an eye on these moves in advance of the JPMorgan health care conference next week. “I know that drug companies are tough to own in … Read more

AbbVie to acquire Cerevel Therapeutics for $8.7 billion

AbbVie to acquire Cerevel Therapeutics for .7 billion

AbbVie on Wednesday said it will acquire neuroscience drugmaker Cerevel Therapeutics for roughly $8.7 billion.  Under the terms of the deal, AbbVie will pay $45 per share for Cerevel. AbbVie said it expects to complete the acquisition in the middle of 2024.  Shares of Cerevel jumped 16% after the close Wednesday to nearly $43 per … Read more