Poseida Therapeutics (PSTX) Soars Over 223% on Roche Acquisition News

6 days ago

Poseida Therapeutics (PSTX, Financial) shares surged over 223%, reaching $9.25. The spike follows an announcement from Roche, which plans to acquire the U.S.-based biopharmaceutical company for $9 per share, valuing the total equity at $1 billion. Additionally, shareholders could receive an extra $4 per share in non-tradable contingent value rights (CVRs) if certain milestones are met, bringing the deal's potential value to approximately $1.5 billion. The acquisition is expected to be finalized in the first quarter of 2025.

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