This Biotech's Stock Price More Than Doubled on Friday. Here's Why. [Yahoo! Finance]
Cidara Therapeutics, Inc. (CDTX)
Last cidara therapeutics, inc. earnings: 3/4 05:55 am
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Source: Yahoo! Finance
Key Takeaways Merck agreed to pay $9.2 billion to purchase Cidara Therapeutics, looking to cash in on the firm's experimental flu treatment. The $221.50 per share offer is more than twice Cidara's closing price yesterday. Shares of Cidara Therapeutics ( CDTX ) more than doubled Friday after Merck ( MRK ) agreed to buy the biopharmaceutical firm in an all-cash deal worth $9.2 billion to expand its reach in antiviral treatments. Merck said it would pay Cidara investors $221.50 per share, a whopping 109% premium to yesterday's closing price. The acquisition gives Merck access to Cidara's top drug candidate, CD388, which uses a fragment of a human antibody to fight influenza A and B. It's currently in a Phase 3 trial with adolescents and adults who are at higher risk of complications from the flu. Why This News Matters to Investors Merck's acquisition of Cidara is an example of a relatively small company with unique assets being highly valued by a major company willing to s
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News
- Halper Sadeh LLC Encourages GIFI, MOVE, RMBI, CDTX Shareholders to Contact the Firm to Discuss Their RightsPR Newswire
- Cidara Therapeutics Reaches Target Enrollment of Phase 3 ANCHOR Trial Evaluating CD388 for Prevention of Seasonal Influenza in High-Risk PopulationsGlobeNewswire
- SHAREHOLDER ALERT: The M&A Class Action Firm Continues to Investigate the Mergers-NUVSF, NDTAF, THS, and CDTXPR Newswire
- Big Pharma Has Spent Nearly $150 Billion On M&A (So Far) In 2025 [Forbes]Forbes
- Cidara Therapeutics (NASDAQ:CDTX) had its "neutral" rating reaffirmed by analysts at Guggenheim.MarketBeat
CDTX
Earnings
- 11/6/25 - Miss
CDTX
Sec Filings
- 12/5/25 - Form SC
- 12/5/25 - Form SC
- 11/17/25 - Form SCHEDULE
- CDTX's page on the SEC website