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Wajeeh Khan

Apellis Pharma Skyrockets on Biogen Deal. Is It Too Late to Chase APLS Stock?

Biogen APLS Apellis BIIB

Apellis Pharmaceuticals (APLS) shares soared on Tuesday after Biogen (BIIB) signed a definitive agreement to acquire the biopharmaceutical firm for about $5.6 billion in cash.

Biogen’s proposal values APLS shares at $41 each, representing a remarkable 140% premium over the price at which they closed on March 30.

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