Cidara Therapeutics

Cidara entered a definitive agreement under which Merck will acquire the company for $221.50 per share, valuing the deal at about $9.2 billion and expected to close in Q1 2026. Shares rose as high as $218.85 and finished the day up 105%. The deal follows FDA fast track designation for Cidara’s CD388, a Phase 3 candidate to prevent influenza in higher-risk patients. » More on finance.yahoo.com

Cidara Therapeutics entered a definitive agreement to be acquired by Merck for $9.2 billion, with Merck’s subsidiary offering $221.50 per share and the transaction expected to close in Q1 2026. The deal follows FDA fast track designation for Cidara’s influenza prevention candidate CD388, which is in a Phase 3 trial for high‑risk patients. Shares spiked to a near-decade high on the news, finishing the day up about 105%. » More on finance.yahoo.com

Merck & Co. is reportedly in short-term talks to buy Cidara Therapeutics, a developer of a long-acting antibody drug to protect against influenza. Completion of the deal could value Cidara at around $3.3 billion in market capitalization including a premium. Amid the bidding battle, Cidara’s stock rose about 50% in after-hours trading. » More on deraktionaer.de