Cidara Shares Nearly Double Premarket on Report of Takeover by Merck

Dow Jones
11/14
 

By Colin Kellaher

 

Shares of Cidara Therapeutics took flight in premarket trading Friday after the Financial Times reported that Merck & Co. is nearing a $9.2 billion deal to buy the biotechnology company.

Merck has agreed to pay $221.50 a share for Cidara, more than twice Thursday's closing price of $105.99 for the San Diego company, the FT reports, citing people familiar with the matter.

The deal could be announced as soon as Friday, according the report.

Representatives for Merck and Cidara couldn't immediately be reached for comment early Friday morning.

Cidara shares were recently up 89% to $200.48 in premarket trading.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

November 14, 2025 06:05 ET (11:05 GMT)

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