Announced
Completed
Financials
Tags
Acquisition
Pharmaceuticals
drug development
Friendly
Private
Completed
United States
Single Bidder
Synopsis
Vertex Pharmaceuticals, a global biotechnology company, agreed to acquire Exonics Therapeutics, developer of gene editing therapies to treat patients with severe genetic neuromuscular diseases, for an upfront payment of $245m and potential milestone payments of up to $750m. The closing of this transaction will be subject to certain conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other customary conditions. The companies anticipate the acquisition will close in the third quarter of 2019.
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