BUZZ-UBS raises Blueprint Medicines' PT on Sanofi's up to $9.5 billion takeover deal

Reuters
Yesterday
BUZZ-UBS raises Blueprint Medicines' PT on <a href="https://laohu8.com/S/GCVRZ">Sanofi</a>'s up to $9.5 billion takeover deal

** Brokerage UBS raises PT on biotech firm Blueprint Medicines Corp BPMC.O to $129 from $88; setting it in line with Sanofi's buyout price for the co

** Maintains "neutral" rating

** French drugmaker Sanofi SASY.PA said on Monday it has agreed to buy BPMC for up to $9.5 billion to boost its position in rare immunology diseases

** UBS sees limited or no overlap in both companies' portfolios

** Sanofi gains Ayvakit to treat a type of rare immunology disease called advanced and indolent systemic mastocytosis with $478.9 million revenue in 2024 - UBS

** Including session's moves, stock up 46.9% YTD

(Reporting by Siddhi Mahatole)

((siddhi.mahatole@thomsonreuters.com))

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