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Arcellx shareholders will receive $115 per share in cash, a 79% one-day premium (68% vs 30-day VWAP as of Feb 20, 2026), and $5 per CVR if cumulative Anticabtagene autoleucel sales reach $6 billion through 2029, valuing the deal at $8.2 billion

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Serious but rare class-relevant risks include pancreatitis, gallbladder disease, and a preclinical thyroid C-cell tumour signal