The company, which was founded in Israel, has a drug for treatment of fatty liver in phase III trials, which was initially an asset of Teva.Read more: Barron's: 89bio Stock Soars 86%. Why Roche Is Buying the Biopharma Company for $3.5 BillionWall Street Journal: Roche to Buy Maker of Fatty Liver Treatment 89bio for Up to $3.5 BillionBloomberg: Roche to Buy 89bio for Up to $3.5 Billion in Obesity PushReuters: Roche to acquire liver drug developer 89bio for up to $3.5 billion