GSK makes biggest ever acquisition with $10.6bn for US cancer drug firm

UK drugmaker’s new chief executive, Luke Miels, makes mark with deal for Boston-based biotech Nuvalent Business live – latest updates GSK’s new boss, Luke Miels , has struck one of the British drugmaker’s biggest deals, announcing the $10.6bn (£7.9bn) acquisition of a US cancer specialist with two late-stage medications. The FTSE 100 company is increasing its oncology portfolio by agreeing to buy Nuvalent, a Boston-based biotech company that develops cancer drugs, including three for lung cancer. GSK will pay $124 a share in cash. Continue reading...