BUZZ-Prosensa Holding NV: To be bought by BioMarin for about $840 mln

lunes 24 de noviembre de 2014 08:50 GYT

** Dutch drug developer's shares up about 65 pct at $18.87 premarket; set to open at a more than one-year high

** Company's shares one of the top percentage gainers among Nasdaq-listed stocks in premarket trading

** BioMarin Pharmaceuticals Inc to buy Prosensa for about $840 million including milestone payments

** Deal will give BioMarin worldwide rights to several orphan-drug candidates including drisapersen, which is being developed to treat Duchenne muscular dystrophy, a rare muscle degeneration disease

** Shares of rival Sarepta Therapeutics Inc, which is also developing a drug to treat DMD, up about 13 pct

** Up to Friday's close, Prosensa's shares had more than doubled this year