Announced
Financials
Tags
Netherlands
Cross Border
Tender Offer
Public
Single Bidder
Pending
Biotechnology
Majority
Acquisition
Friendly
cell-based immunotherapy
Private Equity
Synopsis
Sanofi, a global biopharmaceutical company, offered to acquire Kiadis, a clinical-stage company developing cell-based immunotherapy products, for $358m. Companies entered into an agreement pursuant to which Sanofi will make a public offer (subject to satisfaction of certain customary conditions) to acquire the entire share capital of Kiadis. “We believe the Kiadis ‘off the shelf’ K-NK cell technology platform will have broad application against liquid and solid tumors, and create synergies with Sanofi’s emerging immuno-oncology pipeline, providing opportunities for us to pursue potential best-in-disease approaches,” John Reed, Sanofi Global Head of Research & Development. On February 12, 2021: Sanofi offered to acquire Kiadis for $373m.
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