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Stock impact report

Merck in talks to buy biotech Revolution Medicines, FT reports [Yahoo! Finance Canada]

Revolution Medicines, Inc. (RVMD) 
Shares of Revolution were ?up 5.2% ?in afternoon trading. Merck has been pursuing an ?acquisition of Revolution Medicines, however, a deal has not been ?finalised, the report ?said, adding a tie-up would be at least several weeks away. Other large pharmaceutical groups were still circling ?the biotech and ?another suitor ?might yet prevail, the FT report said. Merck and ?Revolution ?Medicines did not immediately respond to Reuters' requests ?for comment. (Reporting by Puyaan Singh ?in Bengaluru; Editing by ?Shilpi Majumdar) Show less Read more
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