Receptos rejects AstraZeneca offer, says unconfirmed report

10 June 2015

Shares in US discovery and development company Receptos (Nasdaq: RCPT) will be watched closely today following unconfirmed reports that it rejected a $200 per share offer from Anglo-Swedish pharma major AstraZeneca (LSE: AZN).

The reports also said that Receptos turned down offers from US biotech company Gilead Sciences (Nasdaq: GILD) and Israli firm Teva Pharmaceuticals (NYSE: TEVA), said StreetInsider,

It is reported that the company said the offers undervalued its worth. It is reportedly seeking $350 per share.

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