BRUSSELS (Reuters) - Danish drugmaker Novo Nordisk said on Monday it had made a 2.6 billion euros ($3.12 billion) bid for Belgian biotech group Ablynx, the latest offer by a big pharmaceutical company for a Belgian biotech firm.
Ablynx already rejected an offer by the Danish group on Dec. 14 and Novo Nordisk said the new bid, made on Dec. 22, was some 14 percent higher. The Belgian company was not immediately available for comment on Monday.
The Danish company said it would pay 28.00 euros per share in cash for Ablynx and an additional 2.50 euros per share if certain conditions related to its research portfolio were met.
Ablynx's shares have almost doubled in price in the past 12 months, buoyed by successful medical trial data. They closed at 21.20 euros on Friday.
He has said the firm needs external innovation to broaden its product line-up.
Novo Nordisk, the world's biggest diabetes company, has sat out a rash of deal-making that has gripped the rest of the drugs industry in recent years. It has instead focused on its market-leading position making insulin and other diabetes treatments.
($1 = 0.8322 euros)
(Reporting by Robert-Jan Baratunek in Brussels; Additional reporting by Philip Blenkinsop in Brussels and Abinaya Vijayaraghavan in Bengaluru; Editing by Edmund Blair)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)