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Novartis makes offer to buy German cancer drugmaker

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Swiss health care company Novartis has made a tender offer to acquire German cancer drugmaker MorphoSys.

Novartis is offering $73 per share, a premium of around 142%.

Novartis also recently announced it's pausing enrollment of new patients in clinical trials for Kisqali, a breast cancer treatment.

Read more from Quartz.

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