Report: Biogen Targeted as Takeover Target

Health CareReuters

Biotechnology giant Biogen Inc has drawn takeover interest from drug companies including Merck & Co Inc and Allergan Plc, the Wall Street Journal reported, citing people familiar with the matter.

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The talks were informal and preliminary, the Journal said, adding the talks might not result in a deal, in part because Biogen may not be interested. (

Biogen's shares shot up nearly 9 percent on Tuesday.

Biogen, Merck and Allergan were not immediately available for comment. (Reporting by Anya George Tharakan in Bengaluru; Editing by Savio D'Souza)