Kezar Life Sciences shares surge 20.0% intraday after signing a definitive merger agreement with Aurinia Pharmaceuticals.
ByAinvest
Monday, Mar 30, 2026 10:21 am ET1min read
KZR--
Kezar Life Sciences surged 20.00% intraday as Aurinia Pharmaceuticals signed a definitive merger agreement on March 30, 2026, to acquire Kezar for $6.955 per share in cash plus a non-transferable, value-added CVR. The CVR entitles shareholders to potential benefits related to zetomipzomib clinical development, Everest collaboration, Enodia transaction, and net cash exceeding $50 million for Kezar.
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