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Home » Novo Nordisk builds position in sickle cell disease with $1.1B bid for Forma Therapeutics
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Novo Nordisk builds position in sickle cell disease with $1.1B bid for Forma Therapeutics

Sep. 1, 2022
By Cormac Sheridan
Shares in Forma Therapeutics Holdings Inc. gained 51% as Novo Nordisk A/S made a $20-per-share offer that values the firm’s equity at $1.1 billion. The stock (NASDA:FMTX) had closed at $13.40 prior to the disclosure of the bid on Sept. 1. It closed the day at $20.24, up $6.84, suggesting at least some optimistic investors believe the final price could go higher.
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