MDCO Medicines Company

By Michael Dabaie

Medicines Co. (MDCO) shares rose 26% to $73.98 premarket.

Bloomberg reported earlier that Medicines Co. has attracted takeover interest from suitors, including from Novartis AG (NVS), citing people familiar with the matter.

Novartis has been holding talks about a potential acquisition of the company, according to the people, Bloomberg reported. Novartis is conducting due diligence on the company, one of the people said, according to the Bloomberg report.

Officials from Medicines Co. and Novartis declined to comment.

Medicines Co. shares rose 13% Monday. The company said Monday that the ORION-9 study of inclisiran in heterozygous familial hypercholesterolemia patients showed durable low-density lipoprotein cholesterol lowering with twice-yearly dosing.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

November 19, 2019 08:42 ET (13:42 GMT)

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