Halozyme Therapeutics withdraws $2.1 billion Evotec SE acquisition bid after facing rejection.

Halozyme Therapeutics has withdrawn its $2.1 billion proposal to acquire Evotec SE after the German company showed no interest in discussions and wished to remain independent. Halozyme's shares rose by 6.21%, while Evotec's fell by 18.8% following the announcement. Halozyme also reaffirmed its strong business outlook, forecasting 2024 revenue between $970 million and $1.02 billion.

November 22, 2024
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