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Horizon Jumps Most Since 2019 After Disclosing Sale Talks (1)

Nov. 30, 2022, 4:46 PM

Horizon Therapeutics Plc rose by the most in more than three years after the drug developer disclosed it’s in talks with a trio of potential suitors about a possible sale of the company.

Amgen Inc., Johnson & Johnson and Sanofi are separately engaged in preliminary discussions with Horizon, the company said in a statement on Tuesday. There’s no certainty that any of the talks will lead to an offer. Dublin-based Horizon makes drugs for rare autoimmune and inflammatory diseases.

Horizon soared 27% at 11:38 a.m. in New York and earlier was up 30%, the biggest intraday gain since February ...