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Cidara Therapeutics Stock Surges 109% on $9.2B Merck Acquisition Deal

Cidara Therapeutics Stock Surges 109% on $9.2B Merck Acquisition Deal

Author:

Global Cryptocurrency

Published:

2025-11-14 14:26:02

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BTCCSquare news:

Biopharma upstart Cidara Therapeutics saw its shares more than double after Merck agreed to acquire the company for $221.50 per share in cash. The deal values the influenza treatment developer at $9.2 billion, representing a 109% premium to Thursday's closing price.

Merck gains access to Cidara's novel drug-Fc conjugate platform, including lead candidate CD388. The FDA-designated breakthrough therapy has shown promise in Phase 2 trials for preventing both influenza A and B strains. Transaction completion is expected by Q1 2026 pending shareholder approval.

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