International Biotechnology Trust PLC - London-based investment trust managed by SV Health Managers LLP - Says Pfizer Inc's acquisition of its investee Biohaven Pharmaceutical Holding Co Ltd has boosted net asset value by 3.6%. Pfizer on Tuesday announced the acquisition of Biohaven for USD148.50 per share, at a 74% premium to the price of Biohaven before the announcement. IBT on Tuesday owned 182,000 shares in Biohaven, which constituted around 5.2% of its NAV.
Current stock price: 593.00 pence
12-month change: down 14%
By Elizabeth Winter; elizabethwinter@alliancenews.com
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Int.biotech. (IBT)