BioMarin Pharmaceutical to Acquire Inozyme Pharma for $270 Million

MT Newswires Live

05/16

BioMarin Pharmaceutical (BMRN) said Friday that it has agreed to acquire Inozyme Pharma (INZY) at $4 per share in cash for a total price of $270 million.

The biotech company said the deal is expected to close in Q3, which is contingent on regulatory approval, completion of a tender offer, and other customary closing conditions.

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