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Abbott Laboratories to Acquire Exact Sciences in $21 Billion Deal

Abbott Laboratories to Acquire Exact Sciences in $21 Billion Deal

Author:

Global Cryptocurrency

Published:

2025-11-20 23:41:02

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Abbott Laboratories has struck a deal to acquire cancer screening specialist Exact Sciences for $21 billion, offering $105 per share. The transaction, expected to close in Q2 2025, sent Exact Sciences' stock soaring 17% on Thursday.

Exact Sciences, Maker of the Cologuard colorectal cancer test, projects $3.2 billion in revenue this year. The acquisition highlights pharmaceutical giants' aggressive moves into the $60 billion U.S. cancer diagnostics market as cancer cases rise globally.

Abbott gains cutting-edge screening technology while Exact shareholders receive a premium payout. The deal exemplifies the sector's consolidation trend as major players bulk up their oncology portfolios through strategic acquisitions.

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