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Vividion Therapeutics withdrew its plans for an initial public offering after announcing earlier this month that it would be acquired by Bayer for up to $2 billion, Renaissance Capital reported.
Bayer is set to acquire US-based biopharmaceutical company Vividion Therapeutics at a deal totalling up to $2bn to boost its drug discovery expertise and expand into new modalities.
In February 2021, the healthcare industry reported 85 deals worth $30 billion as compared to last 12-month average (February 2020 to January 2021) of 88 deals worth $17.3 billion.