STAT+: Good fortunes continue for Sierra Oncology with $1.9 billion acquisition by U.K. pharma giant Glaxo

Good fortunes continue for Sierra Oncology with $1.9 billion acquisition by U.K. pharma giant Glaxo.

Sierra Oncology is having a very good year.

On Wednesday, the small U.S. drugmaker said it would be acquired by British pharma giant GlaxosmithKline for $1.9 billion. The deal was struck three months after Sierra’s lead drug, a treatment for the blood cancer myelofibrosis, succeeded in a late-stage clinical trial.

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