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0 0 0 0 -0.000720238707685906 -0.000720238707685906 0.00833419076036632 0.00833419076036632
Stock impact report

Revolution Medicines (RVMD) Dives 16.9% as Merck Withdraws Takeover Plan [Yahoo! Finance]

Revolution Medicines, Inc. (RVMD) 
Company Research Source: Yahoo! Finance
Revolution Medicines fell sharply on Monday, losing 16.91 percent to close at $97.78 apiece, as investors unloaded portfolios following news that pharmaceutical giant Merck had cancelled ongoing negotiations for its proposed acquisition of the company. According to a report by the Wall Street Journal, Merck decided to terminate talks after failing to agree on a valuation. Merck had been looking to take over the company for $28 billion to $32 billion. Revolution Medicines Inc. (NASDAQ:RVMD) is advancing a pipeline of experimental medicines targeting RAS, a key molecular driver in hard-to-treat cancers. Earlier this month, Revolution Medicines Inc. (NASDAQ:RVMD) secured a breakthrough designation from the Food and Drug Administration (FDA) for its RAS(ON) G12D-selective inhibitor, zoldonrasib, for the treatment of adult patients with KRAS G12D-mutated locally advanced or metastatic NSCLC who have been previously treated with anti-PD-1/PD-L1 therapy and platinum-based chemotherapy Show less Read more
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