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Roche: Positive Trial Results

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Roche: Added CHF 7bn to market cap today


  • Roche acquired Carmot Therapeutics for $2.7bn upfront and potentially $400 in milestone payments.
  • Today's equity move more than pays for the acquisition.
ROSW 3.564 44 came +86.4 vs Bunds and widened +7 bps.

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