Myovant Sciences rejects $2.5b takeover bid from Sumitovant, Sumitomo Pharma

Myovant Sciences rejects $2.5b takeover bid from Sumitovant, Sumitomo Pharma

Photo: Reuters

Myovant Sciences Ltd said on Sunday it rejected a $2.5 billion takeover offer from Sumitovant Biopharma and its parent group Sumitomo Pharma Co Ltd as the bid “significantly undervalues” the US drugmaker.