Roviant shares are trading higher after the company sold its 75% stake in Telavant to Roche. Roche to pay $7.1B for Telavant which Roivant owns 75% of.
Portfolio Pulse from Luke J Jacobi
Roivant has sold its 75% stake in Telavant to Roche for $7.1B, causing Roivant's shares to trade higher.
October 23, 2023 | 12:19 pm
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Roivant's shares are trading higher after selling its 75% stake in Telavant to Roche for $7.1B.
The sale of a significant asset like a 75% stake in Telavant to Roche for a substantial amount of $7.1B is a positive financial move for Roivant. This has led to an increase in Roivant's share price as the market reacts positively to the news.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100