Bristol Myers to buy Karuna Therapeutics for $14B
Drugmaker Bristol Myers Squibb reached a deal to buy neuroscience-drug developer Karuna Therapeutics for 330 a share in cash for Karuna and its experimental schizophrenia drug now up for U.S. government approval. Bristol expects the deal, which includes $1.3 billion in cash that Karuna has on hand, would close in the first half of next year.The acquisition, announced on Friday, would raise Bristol’s bet on selling psychiatric and neurological drugs, a large a ...