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Birmingham Post

Business

Jon Robinson

Planned $425m merger under threat after rival's 'unsolicited' takeover bid

A Cheshire drug developer planned $425m merger with a US counterpart is under threat after a rival made an 'unsolicited' takeover bid.

Alderley Park's Redx Pharma and US-based Jounce Therapeutics originally announced the unanimously agreed deal last month.

However, it has now emerged that rival Concentra Biosciences, which is also based in the US, has made a bid to acquire Jounce Therapeutics.

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One subscription that gives you access to news from hundreds of sites

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