Morningstar

Nuvalent Shares Leap Premarket on Takeover by GSK

Provided by Dow Jones Jun 9, 2026, 10:00:00 AM

By Colin Kellaher

Shares of Nuvalent surged in premarket trading Tuesday after the clinical-stage biopharmaceutical company agreed to be acquired by U.K. pharmaceutical company GSK for $10.6 billion.

GSK is paying $124 a share in cash for Nuvalent, a 40% premium to Monday's closing price of $88.49 for the Cambridge, Mass., company.

The deal is slated to close in the third quarter.

Nuvalent shares were recently up more than 38% to $122.51 in premarket trading.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

June 09, 2026 06:00 ET (10:00 GMT)

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