ZS Pharma stock surges 28% following confirmation of talks with Actelion

11 September 2015

Shares in US firm ZS Pharma (Nasdaq: ZSPH) closed up over 28% overnight Thursday on the Nasdaq, following confirmation the company is in talks with Swiss biotech firm Actelion (SIX: ATLN) for a “potential strategic transaction.”

The market value of ZS Pharma following the stock price surge stood at nearly $1.5 billion, at close Thursday.

Actelion on Thursday confirmed it is in preliminary talks with ZS Pharma, without giving out any further details in a statement.

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