German biotechnology company MorphoSys AG (MOR,MPSYY.PK) on Wednesday announced that it has entered into a definitive agreement to acquire Constellation Pharmaceuticals, Inc., (CNST) for $34.00 per share in cash, which represents a total equity value of $1.7 billion.
MorphoSys also announced that it has entered into a long-term strategic funding partnership with Royalty Pharma plc (RPRX).
In pre-market activity on Nasdaq, Constellation Pharma shares were gaining around 67 percent to trade at $33.70, while MorphoSys shares were losing 11 percent to $19.76. In Germany, MorphoSys shares were down 5 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.