Rockville-based Human Genome Sciences has rejected a buyout offer of $13 a share from British drugmaker GlaxoSmithKline, the company said Thursday.
In a statement, the biotech company said the offer "does not reflect the value inherent" in the firm but would prompt the company to launch an evaluation of its "strategic alternatives."
Correction: The headline on a previous version of this alert gave an incorrect name for the company Human Genome Sciences.