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Announced

Completed

Open Orphan completed its merger with hVIVO in a £13m deal.

Financials

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Transaction Value£12m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium33.8%
One Off Charge-

Synopsis

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Open Orphan, a Dublin-listed pharma services company, completed its merger with hVIVO, a clinical trial business that can accelerate drug and vaccine development, in a £13m deal. "The merger of Open Orphan and hVIVO is a key milestone in the execution of our strategy to become a larger-scale specialist pharma services business and in complementary segments where specialist skills and know-how command higher margins," Cathal Friel, Open Orphan CEO.

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