# UK pharmaceutical group GSK is ‌in talks to buy cancer drugmaker ​Nuvalent for more than $9 billion, the Financial Times reported.

*biotech · news · 2026-06-09 · The Hindu Business Line*

## Key points

- GSK is in advanced talks to acquire Nuvalent for over $9 billion.
- The potential acquisition deal could be finalized as soon as this week.
- Nuvalent's current market value is about $7 billion, notably less than the proposed offer.
- This acquisition would contribute to a record surge in biopharma M&A deals projected in 2026.

UK pharmaceutical group GSK is ‌in talks to buy cancer drugmaker ​Nuvalent for more than $9 billion, ⁠the Financial Times reported on Monday, citing people familiar with the matter. Here ‌are some details: * The companies were locked in ‌discussions late on Monday, aiming ‌to ⁠agree on a deal ⁠as soon as this week, the report said. * A potential deal could ​value Nuvalent ‌between $9 billion and $10 billion, according to the report. * Reuters could not immediately verify the report. ‌Nuvalent and GSK did not ​immediately respond to Reuters requests for comment. * Nuvalent has a ⁠market value of nearly $7 billion, according to LSEG data. * Nuvalent ‌is a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for patients with cancer, according to its website. * The deal comes at a time ‌of biotech dealmaking frenzy, with large drugmakers ​on a spending spree to expand their product pipelines ⁠this year. If the current ⁠pace holds, the total biopharma M&A value could exceed $250 billion ‌in 2026, according to a Stifel note in April. Published on June 9, 2026

**Companies:** GSK, Nuvalent
**Countries:** UK

[Read the full story on The Hindu Business Line](https://www.thehindubusinessline.com/companies/gsk-in-talks-to-buy-cancer-biotech-nuvalent-for-more-than-9-billion/article71079129.ece)

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