The company announced this morning that it has entered into a definitive agreement with Cubist Pharmaceuticals to acquire Cubist for a total transaction value of approximately $9.5 billion.
“Cubist is a global leader in antibiotics and has built a strong portfolio of both marketed and late-stage pipeline medicines,” said Kenneth C. Frazier, chairman and CEO of Merck. “Combining this expertise with Merck’s strong capabilities and global reach will enable us to create a stronger position in hospital acute care while addressing critical areas of unmet medical need, such as antibiotic resistance.”
The transaction is expected to close in the first quarter of 2015.
More articles on acquisitions:
PinnacleHealth to acquire 8-physician practice
Allegheny Health Network acquires Klingensmith Healthcare
Stryker stock soars ahead of possible Smith & Nephew acquisition
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
