Shares of Global Blood Therapeutics Inc. (GBT) jumped 9.5% in trading on Friday after The Wall Street Journal reported that Pfizer Inc. (PFE) is considering buying the company for about $5 billion. There were media reports earlier this week that Global Blood Therapeutics, which markets a sickle-cell treatment, is attracting takeover interest. The company's stock is up 79.6% this year, while the broader S&P 500 is down 12.8%.
(END) Dow Jones Newswires
August 05, 2022 11:58 ET (15:58 GMT)
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