Tesaro stock soars on another report the PARP player is exploring a sale
At some point somebody might buy cancer drugmaker Tesaro $TSRO, but until then it looks like investors will be subjected to a seemingly endless array of reports suggesting the PARP player is putting itself up on the auction block.
Fresh on the heels of underwhelming drug data presented at a conference earlier this month that sent the company’s shares into a tailspin, Tesaro’s anemic stock price this year may make it an attractive target for oncology-focused players, suggested Bloomberg on Friday in a report that said the company was exploring a sale, citing people familiar with the matter.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.