Announced
Completed
Financials
Tags
Acquisition
Friendly
Single Bidder
Germany
Biotechnology
Cross Border
Private
biotechnology
Majority
Completed
Venture Capital
Private Equity
Synopsis
Gilead Sciences, a research-based biopharmaceutical company, completed the acquisition of MYR, a German biotechnology company, from High-Tech Gruenderfonds Management and Maxwell Biotech Venture Fund for c. $1.8bn. “We are proud of our achievement in bringing Hepcludex from preclinical stage to patients in need within such a short timeframe. We are excited to join Gilead, whose experience in the hepatitis field and global infrastructure will realize the full potential of Hepcludex and provide access to as many patients as possible around the world with this debilitating disease,” Dmitry Popov, MYR Chief Executive Officer.
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