According to Bloomberg, The Medicines Company (MDCO) approached by Novartis AG (NVS)

  • November 20, 2019

POTENTIAL DEAL DETAILS

Stock The Medicines Company Symbol MDCO
Date Announced 11/19/2019 Source Bloomberg
Type News Report
Date of Confirmation: 11/24/2019 Price at Confirmation: $68.55
Potential Profit: -2.36% Annualized Profit: -172.60%

Medicines Co. (MDCO), the developer of a promising cholesterol drug, has attracted takeover interest from suitors including Novartis AG (NVS), people familiar with the matter said.

Update(s):

November 24, 2019: Novartis AG (NVS) agreed to buy cholesterol-drugmaker Medicines Co. (MDCO)for nearly $10 billion, in a pricey bid to expand its reach in the lucrative market for heart treatments.

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