Why Soleno Therapeutics Stock Rocketed Higher on Monday
Yahoo Finance·2026-04-07 04:40

On news that Soleno Therapeutics (NASDAQ: SLNO) has agreed to be acquired, investors piled into the company's shares on Monday. This left the commercial-stage biotech with a juicy 32% gain on the day's trading session. Biotech buyout That morning, Soleno and its peer biotech, Neurocrine Biosciences (NASDAQ: NBIX), announced that they had signed a definitive agreement under which Neurocrine would acquire Soleno. The deal, valued at $2.9 billion, will see Neurocrine pay $53 per share in an all-cash transac ...

Why Soleno Therapeutics Stock Rocketed Higher on Monday - Reportify