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flag French firm Servier buys Day One Biopharma for $2.5B to expand rare cancer treatments, including pediatric drugs.

flag French pharmaceutical company Servier has agreed to acquire Day One Biopharmaceuticals for $2.5 billion in cash, paying $21.50 per share, a 68% premium, to expand its rare oncology pipeline, particularly in pediatric cancers. flag The deal, expected to close in the second quarter of 2026, includes Day One’s FDA-approved drug Ojemda for pediatric low-grade glioma and its pipeline of antibody drug conjugates, including a Phase 1 program for solid tumors. flag Servier aims to leverage its global reach to accelerate patient access and advance its oncology growth strategy, which targets €4 billion in annual sales by 2030. flag Day One’s board has approved the transaction, and its shares surged 65.7% following the announcement.

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