Will Roche Holding (RHHBY) Stock Be Helped By Seragon Pharmaceuticals Purchase?

NEW YORK (TheStreet) -- Roche Holding Ltd.  (RHHBY) will pay up to $1.725 billion to buy Seragon Pharmaceuticals, a privately-held, San Diego-based biotech company that researches breast cancer treatments, Reuters reports.

The company was spun out from Aragon Pharmaceuticals in 2013 when that company was bought by Johnson & Johnson  (JNJ), Reuters noted.

Roche Holding shares closed slightly lower at $37.29 yesterday.

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