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Why Viela Bio Stock Is Skyrocketing Today

·2 min read
Why Viela Bio Stock Is Skyrocketing Today

Shares of Viela Bio (NASDAQ: VIE) were soaring Monday morning after it was announced that the biopharmaceutical company will soon be acquired by Horizon Therapeutics (NASDAQ: HZNP). As of 11:27 a.m. EST, shares of Viela Bio were up by 52.5%. Horizon Therapeutics will acquire all the outstanding shares of Viela Bio for $53 per share in cash.