San Diego-Based RayzeBio Acquired By Pharmaceutical Giant Bristol-Myers Squibb ...Middle East

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San Diego-Based RayzeBio Acquired By Pharmaceutical Giant Bristol-Myers Squibb
A variety of pills with different medications. Photo via Pixabay San Diego-based radiopharmaceutical company RayzeBio will be acquired by pharmaceutical corporation Bristol-Myers Squibb, the companies announced Tuesday. Radiopharmaceuticals use small amounts of radioactive agents in order to make diagnoses or aid treatments. RayzeBio develops drugs which use targeted forms of radiation that are delivered directly to cancer cells. The RayzeBio acquisition deal cost $4.1 billion. Bristol executives said they wanted to bolster the company’s cancer drug portfolio. The pharmaceutical giant also signed a deal on Friday to acquire schizophrenia drugmaker Karuna Therapeutics for $14 bil

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