Silence Therapeutics Says Approach May Lead to Offer; Shares Rise 31%
The London-based company will make a further announcement in due course, it said in a statement today. The stock soared 4.76 pence, or 66 percent, the most since 1995, to close at 12 pence at 4:29 p.m. in London.
Silence Therapeutics in July extended a partnership with London-based AstraZeneca Plc by one year as the drugmaker seeks to develop medicines based on the U.K. biotechnology company’s technology to fight diseases by selectively switching off genes. Silence Therapeutics also is working with Quark Pharmaceuticals Inc. and Novartis AG. Silence Therapeutics last year merged with Intradigm Corp. of the U.S.