Roche to Acquire 89bio for Up to $3.5 Billion in Cash and Milestone Payments

Reuters09-25
Roche to Acquire 89bio for Up to $3.5 Billion in Cash and Milestone Payments

89Bio Inc. has announced an update regarding its pending transaction with Roche Holdings, Inc. According to 89Bio, the company will continue to operate as a separate and independent entity until the closing of the transaction, at which point it will become part of the Roche Group. The company emphasized that business operations remain unchanged during this period and that employee roles, compensation, and benefits will not be affected as a result of the transaction at this time. 89Bio stated that it is committed to keeping employees informed throughout the transition process.

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