Pharma BD Deal Intelligence

GSK plc / Nuvalent, Inc.

2026 · Acquisition/Merger · $10.6B · Complete

CALLED IT — OFF BY 20
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The coverage arc

Jun 09, 2026 BioPharma Dive Neutral

GSK boosts cancer pipeline with $11B Nuvalent buyout. GSK called it a multi-product deal 'consistent with our approach to acquire assets that have clinically…

Jun 09, 2026 Invezz Bearish

GSK's $10.6B Nuvalent takeover fails to impress investors as shares fall. Investors remain cautious over the size of the acquisition and the regulatory risk…

Jun 09, 2026 TradingKey Bullish

Nuvalent surges 39% premarket as GSK acquires for $10.6B at a 40% premium. Its two potential blockbuster drugs are expected to contribute to profits starting…

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GSK agreed to acquire clinical-stage oncology company Nuvalent via an all-cash tender offer of $124.00 per share, ~$10.6 billion total (~$9.4 billion net of cash), announced June 9, 2026. The deal adds two late-stage, potential best-in-class next-generation selective tyrosine kinase inhibitors for non-small cell lung cancer: zidesamtinib (NVL-520, ROS1) and neladalkib (NVL-655, ALK). Both hold FDA Breakthrough Therapy and Orphan Drug designations and are under FDA review, with target action dates of 18 September 2026 (zidesamtinib) and 27 November 2026 (neladalkib). Expected to close in 2026.

Key facts

Related deals — scored

DealYearValueOutcome
GSK plc / Nuvalent, Inc. (this deal)2026$10.6B70
GSK plc / SmithKline Beecham2000$12.0B79
GSK plc / Pfizer Inc.2018$0.0M77
GSK plc / Novartis AG2014$16.0B76
GSK plc / Hansoh Pharmaceutical Group Co. Ltd.2023$1.7B74
GSK plc / Sierra Oncology Inc.2022$1.9B70
GSK plc / Human Genome Sciences2012$3.6B70

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