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How much is Aveo Pharmaceuticals worth?

To read this article on Zacks.com click here. Aveo Pharmaceuticals (AVEO) is set to be acquired by LG Chem for an aggregate amount of $566 billion. The deal is expected to close by early 2023.

Why did Aveo stock surge 44% on Oct 18?

Shares of AVEO Pharmaceuticals AVEO surged 42.4% on Oct 18 after the company announced that it has entered into an agreement to be acquired by the Korean company LG Chem. AVEO stock has surged 218.2% in the year-to-date period, compared to the industry’s decline of 25.9%. Image Source: Zacks Investment Research

Who is Aveo Pharmaceuticals?

AVEO Pharmaceuticals Inc. AVEO Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in the advancement of therapeutics for oncology, and other areas of unmet medical need.

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