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Why Dicerna Pharmaceuticals Stock Is Rocketing Higher Today

TheMotleyFool

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Why Dicerna Pharmaceuticals Stock Is Rocketing Higher TodayPhoto, wide shot, wide-angle lens, Mental health care service, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ce3b930-5e2a-4215-b686-0ad0eb0b922a.png

Shares of Dicerna Pharmaceuticals (NASDAQ: DRNA), a clinical-stage biopharmaceutical company, are exploding higher today in response to a buyout offer from Novo Nordisk (NYSE: NVO). Dicerna stock was up 78.6% as of 11 a.m. ET on Thursday.

Today, Novo Nordisk agreed to acquire all of Dicerna's outstanding shares for $38.25 each. That's a premium of 80% above the stock's price after the market closed yesterday.

Image source: Getty Images.

Source Fool.com

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