Orchard Therapeutics shares nearly double on buyout deal

Posted by By News Room 0 Min Read

Orchard Therapeutics shares
ORTX,
+96.31%
nearly doubled, to $15.79, after agreeing to be purchased by Japan’s Kyowa Kirin
4151,
-0.24%
for at least $16 per share in cash, plus an additional contingent value right of $1 per share. The total consideration will be as much as $478 million.  London-based Orchard Therapeutics uses a patient’s own stem cells to produce therapies.

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