Ayala Pharmaceuticals Inc (ADXS)

[ubmmg]

Our former partner (Amgen) buys a small biotech (could have been us).

https://www.reuters.com/article/us-nuevolution-m-a-amgen/amgen-offers-to-buy-copenhagen-based-nuevolution-for-167-million-idUSKCN1SS0OC

(Reuters) - Amgen, the world’s largest biotechnology company, agreed on Wednesday to buy Scandinavian biopharmaceutical company Nuevolution AB for 1.61 billion Swedish crowns ($166.8 million) to boost its position in drug discovery.

Copenhagen-headquartered Nuevolution said its board unanimously recommended Amgen’s cash offer of 32.5 Swedish crowns per share, a premium of 168.6% to Nuevolution’s closing price on Tuesday.

Nuevolution has a patent protected drug research platform to identify small-molecule drug candidates to be taken as pills against cancer and inflammatory diseases.