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Announced

RTW Investments-backed SPAV to acquire and merge with Immunovant in a $395m deal.

Financials

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Transaction Value£321m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Biotechnology

Merger

Private

biopharmaceuticals

Majority

Friendly

United States

autoimmune diseases

Acquisition

Single Bidder

Pending

De-SPAC

Synopsis

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Health Sciences Acquisitions Corporation, a special purpose acquisition company sponsored by RTW Investments, agreed to acquire and merge with Immunovant, a clinical-stage biopharmaceutical company focused on enabling normal lives for patients with autoimmune diseases, in a $395m deal. "We are thrilled to have the opportunity to partner with the team at Immunovant. We believe IMVT-1401 is a uniquely compelling asset within the FcRn drug class, which we expect will become a cornerstone therapy for treating many auto-antibody driven diseases," Roderick T. Wong, M.D., President, Chief Executive Officer and Chairman of HSAC and Managing Partner and Chief Investment Officer of RTW Investments.

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