Inozyme Shares More Than Double in Surge Toward BioMarin's Buyout Price

Dow Jones

05-16

By Dean Seal

Shares of Inozyme Pharma soared to near the $4 per-share price BioMarin Pharmaceutical said it would pay for the company.

The stock more than doubled to $3.95 in late morning trading on Friday. It closed the market session on Friday at $1.42.

BioMarin said Friday morning that it has agreed to buy Inozyme for $4 a share, or about $280 million in cash.

The deal has been approved by the directors of both companies and is expected to close in the third quarter.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

May 16, 2025 11:44 ET (15:44 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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